Company A transfers inventory to an affiliate, Company B, for 5,000 with a 25% markup on cost. C

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Company A transfers inventory to an affiliate, Company B, for $5,000 with a 25% markup on cost. Company B resells $3,500 of this inventory to nonaffiliates during the same accounting period. What is the gross profit percentage for the intercompany sale? 1.25% 2.80% 3.20% 4.5%