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[Gross Profit Ratio = (Gross profit / Net sales) × 100]
gross margin ratio is calculated as >GROSS PROFIT/NET SALES
gross profit divided by sales Sales = 250000 Cost = 100000 gross profit = 150000 150000 / 250000 = 60%
This would completely depend on how far the gross profit ratio decreased in the second year compared to the ratio at the start of the year.
putkimara