Stota Co. is a retailer of high-definition televisions. Typically, the company purchases a television for $1,000 and sells it for $1,250. What is the gross profit margin on this television?
Select one:
a. 80%
b. $250
c. 25%
d. 20%
Stota Co. is a retailer of high-definition televisions. Typically, the company purchases a television for $1,000 and sells it for $1,250. What is the gross profit margin on this television?
Select one:
a. 80%
b. $250
c. 25%
d. 20%
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