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Fundamental Accounting Principles
?
Nike sold a pair of shoes to a retailer for $100. The retailer sold the shoes to you for $125. It cost Nike $80 to make the shoe. It cost the retailer $105 total to buy and sell the shoe. Which answer below is not correct?
Nike will make $20 on the transaction
The retailer will make $20 on the transaction
They both will have the same revenue on the sale
They both will have the same net profit on the sale
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (C)
They both will have the same revenue on the sale
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