A Gross Profit Percentage of 30% Means That

question 151

Multiple Choice

A gross profit percentage of 30% means that:

• A)for each dollar of sales,the company has a cost of goods sold of seventy cents.
• B)for each dollar of sales,the company has a gross profit of thirty cents.
• C)for each dollar of sales,the company has a cost of goods sold of thirty cents.
• D)both A and B are true.

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Definitions:

Walk Backward

The ability to move in a reverse direction by taking steps with the back leading, typically developed in early childhood.

Biological Transmission

The process of passing biological traits or diseases from one generation to the next through genetic information.

Genes

Units of heredity made up of DNA, located in chromosomes, that determine specific characteristics by coding for proteins.

Traits

Characteristic patterns of thoughts, feelings, or behaviors that are relatively stable over time and across situations.