Revenue Is $400,000 and Cost of Goods Sold Is $100,000

question 93

Multiple Choice

Revenue is $400,000 and Cost of goods sold is $100,000.How much is the gross profit percent?

• A) 75%
• B) 25%
• C) 60%
• D) 40%

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Definitions:

Final Payment

The last payment made on a loan, debt, or financing agreement, completing the repayment obligation.

Interest Rate

The percentage charged on a loan or paid on deposits over a specific period.

Economic Value

The calculation of the advantage that a product or service offers to an economic participant.

Rate Of Return

The outcome of an investment, showing profit or loss across a chosen span, and presented as a percentage of the initial investment amount.