If Hostell Company Has Net Sales of $500,000 and Cost

question 60

Multiple Choice

If Hostell Company has net sales of $500,000 and cost of goods sold of $325,000, Hostell's gross profit rate is

• A) 50%.
• B) 35%.
• C) 54%.
• D) 100%.

---

Definitions:

Individualism

A social philosophy that emphasizes the moral worth of the individual and prioritizes personal independence and self-reliance.

Bodily-kinesthetic Abilities

The capacity to manage bodily movements and handle objects skillfully, often related to physical activity or fine motor skills.

Carpenters

Skilled tradespeople who cut, shape, and install building materials during the construction of buildings, furniture, and other structures.

Gymnasts

Athletes who perform sequences of movements requiring flexibility, physical strength, and coordination, particularly in the sport of gymnastics.