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3 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Mark up percentage (33%) |
In 2016 ABC Business added on average 33% to the cost price to get the selling price of the inventory they sold |
Added to the cost price |
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Gross profit percentage (25) |
For every $1 of sales ABC Business has in 2016, they earn 25c in gross profit after paying cost of goods sold and before deducting expenses |
Cost of goods sold, deduct expenses |
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Distribution cost percentage |
For every 1$ of sales that ABC Business has in 2016 they spend 3c on distribution costs such as advertising |
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