Rubal Ltd earned revenue of $600,000 and incurred cost of sales of $340,000.Calculate the gross profit percentage.

Question

Quizplus · Accepted Answer

Gross profit percentage can be calculated as (Revenue - Cost of Sales) / Revenue * 100. 
Plugging in the given values, we get: 
(600,000 - 340,000) / 600,000 * 100 
= 260,000 / 600,000 * 100 
= 43.33%
Therefore, the correct choice is D, with a gross profit percentage of 43.3%.

Rubal Ltd Earned Revenue of $600,000 and Incurred Cost of Sales