A gross profit percentage of 43% means that for every $1 of gross profit, the company has $0.43 of net income.

Name: A gross profit percentage of 43% means that for every $1 of gross profit, the company has $0.43 of net income.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

A gross profit percentage of 43% means that for every $1 of revenue, the company has $0.43 of gross profit. It does not take into account other expenses such as operating expenses and taxes, so it cannot be directly translated to net income.

A Gross Profit Percentage of 43% Means That for Every