Calculate Gross Profit Margin Given the Following Information: Sales =

question 396

Multiple Choice

Calculate gross profit margin given the following information: sales = $1,200; cost of goods sold = $450; general and administrative costs = $150.

• A) 0.385
• B) 0.50
• C) 0.625
• D) 0.75
• E) 0.875

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Definitions:

Statistic

A numerical measurement describing some characteristic of a sample or population, often used in the analysis of data.

Subtotal

A calculation that provides a summary of numerical data before the final total is computed, often used in spreadsheets and reports.

Medium Date

A date format displaying the day, abbreviated month, and year, e.g., "01 Jan 2023".

SaleDate Field

A database field that stores the date on which a sale occurred, typically formatted as a date data type.