menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Study Set 5
  4. Exam
    Exam 5: Retailing Operations
  5. Question
    A Company's Net Sales Revenue Is $540 000
Solved

A Company's Net Sales Revenue Is $540 000

Question 109

Question 109

Multiple Choice

A company's net sales revenue is $540 000. Its cost of sales is $360 000. Its gross profit percentage is:


A) 33.33%.
B) 300%.
C) 66.67%.
D) 100%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: The entry to close Sales discounts and

Q37: GST is a flat percentage charge levied

Q104: In a descriptive format income statement, overhead

Q105: Inventory is the:<br>A)items purchased to run the

Q106: A firm that uses the perpetual inventory

Q108: HiLo Running Store is not registered for

Q110: Which of the following accounts is used

Q111: A firm that uses the perpetual inventory

Q112: Compute the amount of payment for an

Q113: When a firm ships goods to a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines