The Parts Department Shows Gross Sales of $116,000 and Cost

question 58

Multiple Choice

The parts department shows gross sales of $116,000 and cost of goods sold of $38,000. What is the gross profit percentage of the parts department?

• A) 67.2%
• B) 32.8%
• C) 48.7%
• D) 51.3%

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Definitions:

U.S. War

Refers to any military conflict involving the United States, ranging from declared wars by Congress to military interventions and conflicts abroad.

Disputed Territory

Land that is claimed by two or more countries, or within a country claimed by different groups, leading to conflicts over sovereignty and control.

Southern Texas

A geographic area of Texas in the United States, characterized by its proximity to the Mexican border and distinct cultural, economic, and natural features.

Comanches

are a Native American people historically known for their horse culture and as formidable warriors, primarily located in what is now Texas, Oklahoma, and New Mexico.