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%

Name: 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%
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A)Gross profit = Sales revenue - Cost of goods sold = $540,000 - $324,000 = $216,000
Gross profit percentage = Gross profit / Sales revenue = $216,000 / $540,000 = 40%

A Company Made Net Sales Revenue of $540,000,and Cost of Goods