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    Gross profit ratio

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    An item that cost $90 is sold for $120. The gross profit ratio for this item is:

    20%

    25%

    33.3%

    60%

    © BrainMass Inc. brainmass.com June 3, 2020, 6:45 pm ad1c9bdddf
    https://brainmass.com/business/financial-ratios/gross-profit-ratio-73789

    Solution Summary

    Gross profit ratio

    $2.19

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