A Company Has Net Sales of $612,850 and Cost of Goods

question 96

Multiple Choice

A company has net sales of $612,850 and cost of goods sold of $441,252.The company's gross profit percentage is:

• A)72%.
• B)3.57%.
• C)0.389%.
• D)28%.

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Definitions:

Emission Standards

Regulations that set the maximum amount of pollutants that can be released into the environment by vehicles and industrial plants.

Prior Certification

The process of obtaining a formal verification or validation of certain qualifications or standards before engaging in specific activities.

EPA

Environmental Protection Agency, a U.S. federal government agency responsible for protecting human health and the environment by writing and enforcing regulations.

Comprehensive Program

A detailed and inclusive plan or strategy designed to achieve a specific set of goals or to address a particular issue effectively.