Homework Help is Here – Start Your Trial Now!
Business
Accounting
If sales are $100,000 and gross profit is $40,000, what is the gross margin percentage? A) 25% B) 30% C) 35% D) 40%

If sales are $100,000 and gross profit is $40,000, what is the gross margin percentage? A) 25% B) 30% C) 35% D) 40%

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 3EA: A product has a sales price of $150 and a per-unit contribution margin of $50. What is the...
See similar textbooks
icon
Related questions
Question

What is the gross margin percentage ?

If sales are $100,000 and gross profit is $40,000, what is the gross margin percentage? A) 25% B) 30% C) 35% D) 40%
Transcribed Image Text:If sales are $100,000 and gross profit is $40,000, what is the gross margin percentage? A) 25% B) 30% C) 35% D) 40%
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer