we have bought 6500 pairs of Brand A sport shoes for sales The sold quantity of Brand A sport shoes is 4000 pairs total net sales amount is $2000000 with gross profitGP $1000000 What is the GP
The GP% can be calculated as follows:
GP% = (GP / Net Sales) x 100%
GP% = ($1,000,000 / $2,000,000) x 100%
GP% = 50%
Therefore, the GP% for the sale of 4,000 pairs of Brand A sport shoes is 50%.
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