If selling expenses equal 40 percent of a retailer's annual sales,its selling efficiency would be _____.

Name: If selling expenses equal 40 percent of a retailer's annual sales,its selling efficiency would be _____.
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Question

Quizplus · Accepted Answer

Selling efficiency is calculated as (Annual Sales - Selling Expenses) / Annual Sales x 100%. In this case, if selling expenses are 40 percent of annual sales, then the retailer's selling efficiency would be (100% - 40%) = 60%.

If Selling Expenses Equal 40 Percent of a Retailer's Annual