A Company Made Net Sales Revenue of $540,000 and Cost

question 132

Multiple Choice

A company made net sales revenue of $540,000 and cost of goods sold totaled $324,000. Calculate its gross profit percentage.

• A)40.00%.
• B)66.67%.
• C)100.00%.
• D)300.00%.

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Definitions:

Worker Adjustment and Retraining Notification

A U.S. labor law requiring most employers with 100 or more employees to provide 60-day advance notification of plant closings and mass layoffs.

Plant Closing

The process of permanently shutting down a factory or business, often accompanied by layoffs of employees.

Mass Layoff

A significant reduction in a company's workforce initiated by the employer, affecting a large number of employees, often due to economic downturns or structural changes within the company.

Public Policy Tort

A legal wrong that violates established public policy, allowing victims to seek damages in court.