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Tshegofatso Sebeela Tshego
on Nov 14, 2024

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If a company has net sales of $600000 and cost of goods sold of $372000 the gross profit percentage is

A) 22%.
B) 38%.
C) 62%.
D) 100%.

Gross Profit Percentage

A financial metric that shows the portion of sales revenue that exceeds the cost of goods sold, expressed as a percentage.

Net Sales

The net income from sales a business secures, after subtracting the expenses for returned products, allowances for damaged or missing merchandise, and any granted discounts.

Cost of Goods Sold

Cost of goods sold represents the direct expenses related to the production of goods that a company sells, including materials and labor.

  • Identify and elucidate the gross revenue margin.
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BA
Batal AhmedNov 19, 2024
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