Two of the lawn mowers sold by Garden Products Co. are the Lawn Master and the Mark 5. Lawn Masters sell for $250 apiece, which results in a 35% profit margin. Each Mark 5 costs Garden Products $300 and sells for $400. Indicate all correct answers.
A) The dollar amount of gross profit is greater on the sale of a Mark 5 than a LawnMaster.
B) The gross profit margin is higher on Mark 5s than on LawnMasters.
C) Garden profits relatively more by selling one Mark 5 than one LawnMaster.
D) Garden profits more by selling $2,000 worth of Mark 5s than $2,000 worth of LawnMasters.
Correct Answer:
Verified
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