Wednesday, February 25, 2015

What is the rate of gross profit on installment sales if a merchandise costing 1500000 on an installment basis is sold for 2000000?

What is the rate of gross profit on installment sales if a merchandise costing 1500000 on an installment basis is sold for 2000000?
2000000-1500000=500000
500000/20000000=25%
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