Question 5 (1 point) If sales are $375,000, and Cost of Goods Sold equals $220,000, what...

Question

Question

Answer 1

Answer #1

Gross profit margin = (Sales - Cost of goods sold) / Sales * 100

= ($375,000 - $220,000) / $375,000 * 100

= 41.3%

The answer is Option a.

Answer 2

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