The Gross Profit Percentage

question 62

Multiple Choice

The gross profit percentage:

• A) is markup stated as a percentage of cost.
• B) is also known as the gross margin percentage.
• C) will increase if a company is experiencing financial difficulty.
• D) fluctuates significantly for most companies from year to year.

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Definitions:

Obesity

Excess accumulation of body fat; a person is considered obese if the body mass index (BMI) is 30 or higher.

Fat Cells

Cells known as adipocytes, which are specialized in storing energy in the form of fat and play a key role in metabolism, body temperature regulation, and cushioning of organs.

Leptin

A hormone produced by adipose tissue that signals brain centers about the status of energy stores.

Adipose Tissue

Adipose tissue is a type of body tissue that stores fat, serving as an energy reserve and providing insulation and cushioning.