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If selling price is fixed 25% above the cost, the Gross Profit ratio is

A. 13%

B. 28%

C. 26%

D. 20%

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above