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%

---

Definitions:

Beneficiary Payment

A payment made to a person or entity designated to receive benefits from a contract, such as insurance policy or a will.

Surrender

A mutual agreement between a landlord and a tenant in which the lessee returns his or her interest in the premises to the landlord.

Landlord

The owner of a property being leased. Also called lessor.

Tenant

A person who assumes the temporary legal right to possess property. Also called lessee.