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15 May, 00:59

Pentex and Marbro, small companies in the stationery business, each had a dollar gross margin of $20,000 during September 2014. Pentex's September sales were twice that of Marbro's. If Pentex's gross margin as a percentage of sales for September was 10%, what was Marbro's gross margin as a percentage of sales for the same period?

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  1. 15 May, 03:12
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    20%

    Explanation:

    Since the gross margin is $20,000 and the gross margin percentage of Pentex is 10%, so from this information we can find out the sales value which is shown below:

    Gross profit percentage = Gross profit : sales

    10% = $20,000 : sales

    So, the sales would be $200,000

    Since the Pentex sales is twice of Marbro

    So, the Marbro sales would be half of Pentex sales

    So, the Marbro sales would be $100,000

    Now the Marbro gross profit percentage would be

    = $20,000 : $100,000

    = $20%
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