Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 28

Two of the lawn mowers sold by Garden Products Co.re the LawnMaster and the Mark 5.awnMasters sell for $250 apiece, which results in a 35 percent gross profit margin.ach Mark 5 costs Garden Products $300 and sells for $400.ndicate all correct answers.
a.he dollar amount of gross profit is greater on the sale of a Mark 5 than a LawnMaster.
b.he gross profit margin is higher on Mark 5s than on LawnMasters.
c.arden profits relatively more by selling one Mark 5 than by selling one LawnMaster.
d.arden profits more by selling $2,000 worth of Mark 5s than $2,000 worth of LawnMasters.