If a Company Has Sales of $420,000, Net Sales of $400,000

question 101

Multiple Choice

If a company has sales of $420,000, net sales of $400,000, and cost of goods sold of $240,000, the gross profit rate is

• A)62%.
• B)60%
• C)40%.
• D)38%.

---

Definitions:

David Hillson

A renowned risk management expert known for his contributions to identifying and mitigating risks in project management.

Risk Breakdown Structure

A hierarchical framework that categorizes project risks into levels of detail, from broad categories to specific issues.

Proactive Project Managers

Project managers who anticipate potential issues and initiate actions to prevent problems or minimize their impact on the project timeline and deliverables.

Inadequacy of Resources

A situation where the available resources are insufficient to meet the needs or demands of a project or operation.