If a Company Has Net Sales of $700,000 and Cost

question 6

Multiple Choice

If a company has net sales of $700,000 and cost of goods sold of $455,000, the gross profit percentage is

• A) 25%.
• B) 35%.
• C) 65%.
• D) 100%.

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Definitions:

Higher Authority

An entity or individual possessing greater power, control, or influence over others, often used in the context of organizational decision-making or religious belief.

Uncommon People

Individuals who are rare or exceptional in their characteristics, behaviors, or achievements, standing out from the general population.

Political Organization

Structures and systems that govern the conduct and policies of a society, including government institutions, political parties, and advocacy groups.

Regular Elections

The scheduled, periodic process by which citizens vote to choose their representatives, ensuring the continuity and legitimacy of democratic governance.