The Formula for Calculating the Gross Profit Ratio Is

question 14

Multiple Choice

The formula for calculating the gross profit ratio is:

• A) Gross profit /sales
• B) Sales/gross profit
• C) Cost of sales/sales
• D) Gross profit after tax/sales

---

Definitions:

Productive Enterprise

A business or organization effective in producing goods or services at a high yield.

Marketing Product

A good or service that has been developed, priced, distributed, and promoted in a way that satisfies customers' needs and wants.

Operations Function

The part of an organization dedicated to producing goods or services efficiently and effectively.

Commercial Bank

A type of financial institution that offers banking services to individuals and businesses, including deposit accounts, loans, and other financial products.