A Gross Profit Margin of 30% Means That

question 97

Multiple Choice

A gross profit margin 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:

Trait

Characteristic or quality distinguishing an individual, often innate and used to describe or predict behaviors and outcomes.

Creativity

The ability to generate new and original ideas, approaches, or solutions to problems.

Continuum

A continuous sequence or range of values or elements that vary by small degrees without gaps or discontinuities.

Leaders

Individuals who influence and guide others towards achieving a common goal or objective, often characterized by inspiration, vision, and strategic thinking.