Hi expert please give me answer general accounting question Tech Plus buys tablets for $400 and sells them for $600. Calculate the grossprofit margin on these tablets.a) 40%b) 33.33%c) $200d) 30%

Step 1: Definition of Gross Profit MarginGross profit margin is a financial metric that measures the…

Answered: Tech Plus buys tablets for $400 and…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter4: Preparing And Using Financial Statements

Section: Chapter Questions

Problem 1bM

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Tech Plus buys tablets for $400 and sells them for $600. Calculate the gross profit margin on these tablets. a) 40% b) 33.33% c) $200 d) 30%