Venus Inc., a software consulting firm, had made a gross profit of $350.0 million for the year 2012. For the same year, it had made sales of $890.0 million. What was its gross profit margin?
A) 69.32%
B) 59.32%
C) 49.32%
D) 39.32%

Question

Quizplus · Accepted Answer

The gross profit margin is calculated as (Gross Profit / Sales) * 100. So, for Venus Inc., it would be ($350.0 million / $890.0 million) * 100 = 39.32%.

Venus Inc, a Software Consulting Firm, Had Made a Gross Profit