If a Company Has Net Sales of $600000 and Cost

question 193

Multiple Choice

If a company has net sales of $600000 and cost of goods sold of $372000 the gross profit percentage is

• A) 22%.
• B) 38%.
• C) 62%.
• D) 100%.

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Definitions:

Network Adapter

A hardware or software component that connects a computer or other device to a network, enabling it to communicate with other devices or the internet.

Computing Devices

Electronic tools that process, store, and communicate information, ranging from personal computers to smartphones.

Application Server

An Application Server is a computing platform that provides an environment for the running of applications, distributing workloads among multiple computing resources.

Software Distribution

The process of delivering software to the end-user or making it available for download or installation.