A Company Has Net Sales of $612,850 and Cost of Goods

question 29

Multiple Choice

A company has net sales of $612,850 and cost of goods sold of $441,252.The company's gross profit percentage is:

• A)72%.
• B)0.28%.
• C)38.9%.
• D)28%.

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Definitions:

Advertising Budget

The allocation of funds towards marketing and promotional activities aimed at promoting products or services.

Net Operating Income

A measure of a company's profitability, calculated as gross revenue minus operating expenses, excluding taxes and interest.

Monthly Sales

Monthly sales refer to the total revenue generated from sales activities during a specific month, indicating the performance and growth trends of a business.

Dollar Sales

The total monetary value of sales achieved by a company over a specific period of time, reflecting both volume and price.