A Company Made Net Sales Revenue of $550,000,and Cost of Goods

question 101

Multiple Choice

A company made net sales revenue of $550,000,and cost of goods sold totaled $192,500.Calculate its gross profit percentage.

• A) 65%
• B) 35%
• C) 130%
• D) 315%

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Definitions:

Displacement

In psychology, a defense mechanism where an individual shifts negative feelings from their original source to a more acceptable or less threatening target.

Denial

A defense mechanism where an individual refuses to accept reality or facts, thus avoiding dealing with painful feelings or events.

Sublimation

A defense mechanism in which socially unacceptable impulses or idealizations are transformed into socially acceptable actions or behavior.

Fight-or-flight Response

A physiological reaction to perceived harmful events, attacks, or threats to survival, initiating a state of heightened readiness for physical action.