A company has net sales of $612,850 and cost of goods sold of $441,252.The company's gross profit percentage is:

Name: A company has net sales of $612,850 and cost of goods sold of $441,252.The company's gross profit percentage is:
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

Gross Profit Percentage = (Gross Profit/Net Sales) x 100

Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $612,850 - $441,252
Gross Profit = $171,598

Gross Profit Percentage = (171,598/612,850) x 100
Gross Profit Percentage = 28%

A Company Has Net Sales of $612,850 and Cost of Goods