Coca-Cola reported net sales revenues of $19.8 billion and cost of goods sold of $6.0 billion. Its gross profit percentage was:

Name: Coca-Cola reported net sales revenues of $19.8 billion and cost of goods sold of $6.0 billion. Its gross profit percentage was:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Gross profit percentage is calculated as (Net Sales - Cost of Goods Sold) / Net Sales * 100. For Coca-Cola, it is (($19.8 billion - $6.0 billion) / $19.8 billion) * 100 = 69.7%.

Coca-Cola Reported Net Sales Revenues of $19