Use the following financial information to answer questions

-What is the gross profit margin?
A)20.6%
B)22.7%
C)50.0%
D)27.3%

Name: Use the following financial information to answer questions -What is the gross profit margin? A)20.6% B)22.7% C)50.0% D)27.3%
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Question

Use the following financial information to answer questions 
 
-What is the gross profit margin?
A)20.6% 
B)22.7% 
C)50.0% 
D)27.3%

Quizplus · Accepted Answer

Gross profit margin is calculated as (Revenue - Cost of Goods Sold) / Revenue. A 50.0% margin indicates that half of the revenue remains after covering the cost of goods sold.

Use the Following Financial Information to Answer Questions