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Gilbert Company Generated Sales Revenues of $1,800,000 in 2017

Question 169

Multiple Choice

Gilbert Company generated sales revenues of $1,800,000 in 2017. Its cost of goods sold amounted to Gilbert Company generated sales revenues of $1,800,000 in 2017. Its cost of goods sold amounted to Calculate Gilbert's gross profit percentage. A) 55% B) 45% C) 222% D) 182% Calculate Gilbert's gross profit percentage.


A) 55%
B) 45%
C) 222%
D) 182%

Correct Answer:

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