A Company Has a Gross Margin of 58 Percent and an Operating

question 81

Multiple Choice

A company has a gross margin of 58 percent and an operating margin of 29 percent. If the operating income is $20,500, what is the gross profit?

• A) $42,109
• B) $43,208
• C) $41,000
• D) $43,876
• E) $44,524

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Definitions:

Nodes

Points in a network or system where lines or pathways intersect or branch, often used in the context of computer networks or biological networks.

Neuron

A specialized cell transmitting nerve impulses; a nerve cell.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.

Dendrites

The branching extensions of neurons that receive electrical messages from other cells.