menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Business Reporting
  4. Exam
    Exam 6: Income Statement and Statement of Changes in Equity
  5. Question
    If Sales Revenue Is $300 000 and Cost of Sales
Solved

If Sales Revenue Is $300 000 and Cost of Sales

Question 62

Question 62

Multiple Choice

If sales revenue is $300 000 and cost of sales is $250 000,the gross profit margin is:


A) 12%
B) 17%
C) 20%
D) 83%

Correct Answer:

verifed

Verified

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

Related Questions

Q33: If sales = $45 000,purchases = $25

Q41: If an item meets the definition of

Q56: With respect to reporting expenses,reporting entities are:<br>A)required

Q59: To isolate the returns associated with investing

Q60: The determination of whether an item is

Q61: Which of these is not an example

Q63: An item is considered to be _

Q64: The balance of retained earnings at the

Q65: Post-tax profit is more important to a

Q66: It is true that<br>A)profit is the excess

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