If Indiana Ink, Inc. has net sales of $400,000 and cost of goods sold of $300,000, Indiana Ink's gross profit rate is:

Gross profit rate= 0.25

Explanation:

Giving the following information:

Indiana Ink, Inc. has net sales of $400,000 and the cost of goods sold of $300,000.

To calculate the gross profit rate, we need to use the following formula:

Gross profit rate= gross profit / sales

Gross profit= sales - COGS

Gross profit rate= 100,000/400,000

Gross profit rate= 0.25

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.