Compute the Gross Profit Rate When Net Sales Are $350,000

question 70

Multiple Choice

Compute the gross profit rate when net sales are $350,000 and gross profits are $189,000.

• A)51:10
• B)54%
• C)51%
• D)54:10

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Definitions:

Etiology

The study of the causes or origins of diseases or disorders.

Abnormal Psychology

The study of psychological disorders and unusual patterns of behavior, emotion, and thought.

Prevalence

The proportion of a population found to have a condition or characteristic at a specific time.

Frequency

The rate at which something occurs over a particular period of time or in a given sample.