_____ Shows How Much the Retailer Makes as a Percentage

question 34

Multiple Choice

_____ shows how much the retailer makes as a percentage of sales after the cost of goods sold is subtracted.

• A) Net income
• B) Retained earnings
• C) Profitability
• D) Net equity
• E) Gross margin

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Definitions:

Sales Tax

A government charge on retail sales of certain goods and services.

Sales Tax

A tax on sales or on the receipts from sales, typically added to the purchase price by the seller.

Assessed Valuations

The dollar value assigned to a property for purposes of measuring applicable taxes.

Overhead Expenses

Indirect costs related to running a business that are not directly tied to production, including rent, utilities, and administrative salaries.