Given the Following Information,calculate the Gross Profit Ratio

question 39

Multiple Choice

Given the following information,calculate the gross profit ratio. Particulars
Amount (in $)
Gross sales
$100,000
Sales returns
10,000
COGS
72,000

• A)20%
• B)28%
• C)18%
• D)13.33%

---

Definitions:

Fovea

An area near the center of the retina that is dense with cones and where vision is consequently most acute.

Cones

Cone-shaped photoreceptors that transmit sensations of color.

National Honor Society

An organization in the United States that recognizes high school students for their achievements in scholarship, leadership, service, and character.

Law of Continuity

A principle in Gestalt psychology stating that elements that are arranged on a line or curve are perceived to be more related than elements not on the line or curve.