The sales price for a product provides a gross profit of 20% of sales


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The sales price for a product provides a gross profit of 20% of sales price. What is the gross profit as a percentage of cost? a. 17%. b. 20%. c. 25%. d. Not enough information is provided to determine.

Sale price $15.00 Regular price $30.00

The sales price for a product provides a gross profit of 20% of sales
price. What is the gross profit as a percentage of cost?
a. 17%.
b. 20%.
c. 25%.
d. Not enough information is provided to determine.

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