A company with a very high gross profit ratio would most likely be
A)an advertising agency.
B)a firm.
C)a grocery store.
D)a retail fur store.

Question

Quizplus · Accepted Answer

Retail fur stores typically have a high gross profit ratio, as the cost of goods sold is low compared to the selling price of luxury fur products. Advertising agencies, firms, and grocery stores generally have lower gross profit ratios due to higher costs of goods sold and lower selling prices.

A Company with a Very High Gross Profit Ratio Would