Gilbert Inc

question 90

Multiple Choice

Gilbert Inc. generated sales revenues of $1,000,000 in the year 2015. Its cost of goods sold amounted to $400,000. Calculate Gilbert's gross profit percentage.

• A)40%
• B)60%
• C)167%
• D)250%

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Definitions:

Gentrified

The process by which higher-income individuals move into, renovate, and revitalize urban neighborhoods, often displacing lower-income residents.

Demographic Transition Theory

A theory that explains how countries move from high to low birth and death rates as they progress from pre-industrial to industrial economic systems.

Fertility Rates

The typical amount of children a woman gives birth to throughout her life in a given population.

Mortality Rates

A measure of the number of deaths in a given population, scaled to the size of that population, per unit of time.