A Company Made Net Sales Revenue of $530,000,and Cost of Goods

question 99

Multiple Choice

A company made net sales revenue of $530,000,and cost of goods sold totaled $238,500.Calculate its gross profit percentage.

• A)55%
• B)45%
• C)130%
• D)300%

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Definitions:

Borrowing Money

Borrowing money involves obtaining funds from another party with the promise to repay the principal amount along with interest or other financial charges.

Equipment

The set of tools, machinery, and other physical devices necessary for the production of goods or the provision of services.

Machinery

Mechanical devices or equipment designed to perform specific tasks, often used in manufacturing and industrial processes.

Business Plan

A detailed document that outlines the objectives, strategies, financial forecasts, and operational goals of a business.