On what does the adequacy of the gross profit margin depend?
A)selling price.
B)buying price.
C)total expenses.
D)Both A and B.

Name: On what does the adequacy of the gross profit margin depend? A)selling price. B)buying price. C)total expenses. D)Both A and B.
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Question

Quizplus · Accepted Answer

The adequacy of the gross profit margin depends on both the selling price and the buying price. The margin is calculated by subtracting the cost of goods sold (buying price) from the sales revenue (selling price).

On What Does the Adequacy of the Gross Profit Margin