If a Company Has Net Sales of $700,000 and Cost

question 137

Multiple Choice

If a company has net sales of $700,000 and cost of goods sold of $455,000, the gross profit percentage is

• A)25%.
• B)35%.
• C)65%.
• D)100%.

---

Definitions:

Internet Infrastructure

The foundational technologies and services that support the operation and access of the internet, including network connections and telecommunications.

Undersea Cables

Fiber-optic cables laid on the ocean floor used to transmit internet and telecommunications data across continents.

Product Placement

A marketing strategy where branded products are placed in the context of media content, like movies or TV shows, for promotional purposes.

Brand Integration

The process of integrating a brand or product into entertainment media like films or TV shows in a way that it appears as a natural part of the narrative.