Kryton Corp

question 15

Multiple Choice

Kryton Corp.has provided the following information: Gross profit was $620,000;
Cost of goods sold was $380,000;
Net income was $400,000.
What was Kryton's gross profit percentage?

• A)40%
• B)61.3%
• C)62%
• D)155%

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Definitions:

Demand Equation

Represents the relationship between the quantity demanded of a good and its price, often used in economics to predict consumer behavior.

Units Demanded

The quantity of a particular good or service that consumers are willing and able to purchase at a given price.

Multiply

The operation of repeated addition of the same number.

Imaginary Unit

A mathematical concept, denoted as 'i', defined as the square root of -1 and used to extend the real numbers to complex numbers.