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A company has sales of $250,000 and cost of goods sold of $150,000. What is the gross profit margin? A) 30% B) 40% C) 50% D) 60%

A company has sales of $250,000 and cost of goods sold of $150,000. What is the gross profit margin? A) 30% B) 40% C) 50% D) 60%

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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Profit Margin

A company has sales of $250,000 and cost of goods sold of $150,000. What is the gross profit margin? A) 30% B) 40% C) 50% D) 60%
Transcribed Image Text:A company has sales of $250,000 and cost of goods sold of $150,000. What is the gross profit margin? A) 30% B) 40% C) 50% D) 60%
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