The Quarterly Operating Statement for a Firm Gives the Following

question 6

Multiple Choice

The quarterly operating statement for a firm gives the following information: Number of pieces manufactured: 100
Number of pieces sold: 100
Total cost of goods sold: $800
Average cost of single piece: $5
Net sales: $1,000
It can be inferred that the firm's gross margin is _____.

• A) $92
• B) $2
• C) $1800
• D) $200
• E) $1818

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Definitions:

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Healthy People 2020

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