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:

Verified
Correct Answer:
Verified
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