Peartree Inc.provides the following extracts from income statement for the year 2015: Calculate the gross profit percentage.

Question

Peartree Inc.provides the following extracts from income statement for the year 2015:  Calculate the gross profit percentage.

Quizplus · Accepted Answer

The formula for gross profit percentage is (Gross Profit / Revenue) x 100. 
In this case, the Gross Profit is $5,000 and the Revenue is $15,000. 
Using the formula, we get (5,000 / 15,000) x 100 = 33.33%. 
Therefore, the correct answer is not listed.