Venus Inc.,a software consultancy firm,had made a gross profit of $350.0 million for the year 2012.For the same year,it had made sales of $890.0 million.What was its gross profit margin?
A) 69.32%
B) 59.32%
C) 49.32%
D) 39.32%

Question

Quizplus · Accepted Answer

Gross profit margin is calculated as (Gross Profit / Sales) * 100. For Venus Inc., it is ($350 million / $890 million) * 100 = 39.32%.

Venus Inc,A Software Consultancy Firm,had Made a Gross Profit of $350