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In Its Last Financial Year, the Dubbo Hotel Reported Net

Question 8

Multiple Choice

In its last financial year, the Dubbo Hotel reported net profit of $40,000, gross profit of $30,000, sales of $240,000 and average assets of $360,000. What was the hotel's gross profit margin?


A) 12.5%.
B) 16.66%.
C) 8.33%.
D) 11.11%.
E) 15%.

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