A Company Has Net Sales of $612,850 and Cost of Goods

question 96

Multiple Choice

A company has net sales of $612,850 and cost of goods sold of $441,252.The company's gross profit percentage is:

• A)72%.
• B)3.57%.
• C)0.389%.
• D)28%.

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Definitions:

Dispersion Forces

Weak intermolecular forces of attraction, also known as London dispersion forces, arising from temporary shifts in electron density in nonpolar molecules.

General Formula

A representation of the composition of any member of a family of compounds, illustrating a common structural feature among them.

Cyclic Alkanes

Alkanes that contain a ring of carbon atoms in their molecular structure, differing from straight-chain alkanes.

Cyclohexane

A cycloalkane with the molecular formula C6H12, it is a colourless, volatile liquid with a distinct odor, primarily used as a nonpolar solvent.