If a company's profit and loss statement showed that sales for the month were $60 000 and cost of goods sold were $39 000, what would be the gross margin?

Name: If a company's profit and loss statement showed that sales for the month were $60 000 and cost of goods sold were $39 000, what would be the gross margin?
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Question

Quizplus · Accepted Answer

Gross margin is the difference between sales and cost of goods sold. 
Gross margin = Sales - Cost of goods sold 
Gross margin = $60,000 - $39,000 = $21,000

If a Company's Profit and Loss Statement Showed That Sales