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.

---

Definitions:

Constraints

Limitations or restrictions that affect the process of problem-solving or decision-making.

Leadership

The act of guiding, directing, and influencing others towards the achievement of goals or desired outcomes.

Universal Conceptions

Universal conceptions refer to ideas, principles, or understandings believed to be universally applicable, transcending cultural, social, or individual differences.

Effective Leadership

Describes the ability of a leader to inspire, influence, and guide individuals or teams towards achieving organizational goals.