Gross margin:
A) is a performance measure
B) is also referred to as gross profit
C) is a measure of how much profit a retailer is making on the sale of merchandise
D) can be expressed as a percentage of net sales
E) is described by all of these

Question

Quizplus · Accepted Answer

Gross margin is a performance measure, also known as gross profit, indicating how much profit a retailer makes on merchandise sales, and it can be expressed as a percentage of net sales.

Gross Margin