What Is the Median for the Set of Data Below

question 32

Multiple Choice

What is the median for the set of data below?

• A) 5
• B) 8
• C) 8.5
• D) 49.5

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Definitions:

Gross Profit

is the financial gain obtained after subtracting the cost of goods sold (COGS) from total revenue.

Sales Revenues

The income earned by a company from its sales of goods or the provision of services, before any costs or expenses are deducted.

Gross Profit Margin

A financial ratio that indicates the percentage of revenue that exceeds the cost of goods sold, reflecting the efficiency of a company in managing its production and labor costs.