In a Merchandising Business,gross Margin Is the Difference Between Sales

question 97

True/False

In a merchandising business,gross margin is the difference between sales revenue and the cost of goods sold.

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Definitions:

Elementary Row Operation

A procedure used in matrix algebra involving row swapping, row multiplication, or row addition, aimed at simplifying matrices or solving systems of linear equations.

Matrix

A rectangular array of numbers, symbols, or expressions, arranged in rows and columns that is used in mathematics to solve systems of linear equations and perform various algebraic operations.

Matrix

A structured arrangement of numbers, symbols, or expressions in columns and rows used to represent and solve linear equations, among other applications.

Determinant

A scalar value that can be computed from the elements of a square matrix and reflects certain properties of the matrix, such as whether it has an inverse.