Revenue Is $400,000 and Cost of Goods Sold Is $320,000

question 138

Multiple Choice

Revenue is $400,000 and Cost of goods sold is $320,000.How much is the gross profit percent?

• A) 75%
• B) 20%
• C) 60%
• D) 80%

---

Definitions:

Heritage

Refers to traditions, practices, and beliefs that are passed down through generations within a particular culture or community.

Social Context

The societal, cultural, and community conditions or circumstances that influence an individual's life and behaviors.

Intimacy Versus Isolation

A stage in Erik Erikson's theory of psychosocial development where individuals face the challenge of forming intimate relationships with others versus becoming isolated as a result of not forming these connections.

Erik Erikson

A psychologist known for his theory on psychosocial development, emphasizing eight stages that cover the human lifespan.