How Is Gross Margin Percent Calculated

question 10

Multiple Choice

How is gross margin percent calculated?

• A) Gross margin divided by net sales
• B) Add operating and interest expenses together and divide by gross sales
• C) Net sales multiplied by gross margin
• D) Cost of goods sold divided by gross sales
• E) Divide net profit by net sales

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Definitions:

Identity

The characteristics, values, and beliefs that define an individual or group and distinguish them from others.

Internalization

The process by which individuals absorb and integrate the values, norms, and regulations of society or a group into their own behavior and understanding.

Identification

The process of associating oneself closely with other individuals and their characteristics or adopting aspects of their identity into one’s own personality.

Isolation

The state of being separated from others, which can be physical, social, or emotional, often leading to feelings of loneliness or separation.