Calculate the Percent Gross Profit for a Company If the Sales

question 55

Multiple Choice

Calculate the percent gross profit for a company if the sales revenue generated is $200 million,and the firm sells 60 products that cost $2 million each to produce.

• A)20%
• B)40%
• C)50%
• D)60%
• E)80%

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Definitions:

Year Ended

Refers to the end of a 12-month financial accounting period or fiscal year for an organization.

Mass Media

Channels of communication, such as television, newspapers, and the internet, that reach a large audience simultaneously.

Functionalists

Theorists who view society as a complex system whose parts work together to promote solidarity and stability.

Mass Media

Various forms of communication, such as television, radio, newspapers, and the Internet, used to reach a large audience.