If sales = $1,000 and COGS = $600, and operating expenses $100, the gross profit percentage would be: a. 50%. b. 40%. c. 20%. d. 10%. =
If sales = $1,000 and COGS = $600, and operating expenses $100, the gross profit percentage would be: a. 50%. b. 40%. c. 20%. d. 10%. =
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:If sales = $1,000 and COGS = $600, and operating expenses
$100, the gross profit percentage would be:
a. 50%.
b. 40%.
c. 20%.
d. 10%.
=
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