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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
Gross profit percentage (25)
For every $1 of sales ABC Business has in 2016, they earn 25c in gross profit after paying cost of goods sold and before deducting expenses
Cost of goods sold, deduct expenses
Distribution cost percentage
For every 1$ of sales that ABC Business has in 2016 they spend 3c on distribution costs such as advertising
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