A company's net sales revenue is $540 000. Its cost of sales is $360 000. Its gross profit percentage is:
A)33.33%.
B)300%.
C)66.67%.
D)100%.

Name: A company's net sales revenue is $540 000. Its cost of sales is $360 000. Its gross profit percentage is: A)33.33%. B)300%. C)66.67%. D)100%.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Gross profit percentage = (Gross profit / Net sales revenue) * 100= ((540,000 - 360,000) / 540,000) * 100= (180,000 / 540,000) * 100= 0.3333 * 100= 33.33%

A Company's Net Sales Revenue Is $540 000