A Company Made Net Sales Revenue of $540,000,and Cost of Goods

question 43

Multiple Choice

A company made net sales revenue of $540,000,and cost of goods sold totaled $324,000.Calculate its gross profit percentage.

• A)40%
• B)60%
• C)130%
• D)315%

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Definitions:

Supply

The total amount of a product or service that is available for purchase at any given price.

Labor Union

A collective organization of employees who bargain as a unit with employers.

Autoworkers

Employees in the automotive industry who are involved in the design, development, manufacturing, marketing, and selling of motor vehicles.

Automobiles

Motor vehicles with four wheels designed primarily for passenger transportation on roads.