Problem

Inferring Financial Information Using Component PercentagesA consumer products company rep...

Inferring Financial Information Using Component Percentages

A consumer products company reported a 5.4 percent increase in sales from 2011 to 2012. Sales in 2011 were $29,600. In 2012, the company reported cost of goods sold in the amount of $9,107. What was the gross profit percentage in 2012?

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