If a Company Has Net Sales of $250,000 and Cost

question 15

Multiple Choice

If a company has net sales of $250,000 and cost of goods sold of $175,000, the gross profit margin is

• A) 70%.
• B) 30%.
• C) 15%.
• D) 100%.

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Definitions:

Africans

Refers to the people native to the continent of Africa, encompassing a vast diversity of ethnicities, cultures, and languages.

Mexico

A country in North America, bordered by the United States to the north, and Guatemala and Belize to the south, known for its rich cultural heritage, diverse landscapes, and history.

Slave Trade

The historical trade involving the capture, transport, and sale of human beings as slaves, particularly associated with the transatlantic trade from Africa to the Americas from the 16th to the 19th centuries.

Africans

Refers to the people native to the African continent, encompassing a wide range of cultures, ethnicities, and nations.