If a Liquor Contains 40 Percent of Alcohol, What Proof

question 19

Multiple Choice

If a liquor contains 40 percent of alcohol, what proof is it?

• A)20 proof
• B)40 proof
• C)60 proof
• D)80 proof

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Definitions:

Market Value

The current price at which an asset or service can be bought or sold in a marketplace.

Net Realizable Value

The estimated selling price of goods, minus the costs of their completion and disposal, used in valuing inventory and accounts receivable.

Profit Margin

A financial metric representing the percentage of revenue that remains as profit after accounting for the cost of goods sold and other expenses.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or completion and any necessary transportation costs.