Assume Kangaroo Kut made Net Sales Revenue of $72,000 and Cost of Goods Sold totaled $49,000. What was Kangaroo Kut's gross profit percentage for this period? (Round your answer to the nearest whole percent.) Question content area bottom Part 1 A. 13% B. 32% C. 3.5 times D. 68%
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Step 1
Step 1: Calculate the Gross Profit Gross Profit = Net Sales Revenue - Cost of Goods Sold Gross Profit = $72,000 - $49,000 Gross Profit = $23,000 Show more…
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