In the context of fixed margin pricing, which of the following statements is true of the profit margin?
A) It is independent of the revenue generated by a company.
B) It is often expressed as a percent.
C) It is also known as the breakeven point.
D) It is calculated based on the perceived gap and the actual gap in the pricing of a product.

Question

Quizplus · Accepted Answer

The profit margin is often expressed as a percentage, representing the portion of revenue that exceeds the costs of goods sold.

In the Context of Fixed Margin Pricing, Which of the Following