The gross profit margin is a measurement of a company's manufacturing and distribution efficiency during the production process. If G is the gross profit and T is the total revenue, both in dollars, then the gross profit margin M = M(G, T) is given by the formula M - 우 (a) Use functional notation to express the gross profit margin for a company that has a gross profit of $375,000 and a total revenue of $580,000. M * (b) Calculate the gross profit margin in part (a). The gross profit margin is often expressed as a percent. Give your answer as both a decimal and percent. (Round your decimal answer to two decimal places, and your percent to the nearest percent.) M = M = % (c) If the gross profit stays the same but total revenue increases, would the gross profit margin increase or decrease? O The gross profit margin will increase. The gross profit margin will decrease.

The gross profit margin is a measurement of a company's manufacturing and distribution efficiency during the production process. If G is the gross profit and T is the total revenue, both in dollars, then the gross profit margin M = M(G, T) is given by the formula M - 우 (a) Use functional notation to express the gross profit margin for a company that has a gross profit of $375,000 and a total revenue of $580,000. M * (b) Calculate the gross profit margin in part (a). The gross profit margin is often expressed as a percent. Give your answer as both a decimal and percent. (Round your decimal answer to two decimal places, and your percent to the nearest percent.) M = M = % (c) If the gross profit stays the same but total revenue increases, would the gross profit margin increase or decrease? O The gross profit margin will increase. The gross profit margin will decrease.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Urmilaben

The gross profit margin is a measurement of a company's manufacturing and distribution efficiency during the production process. If G is the gross profit and T is the total revenue, both in dollars, then the gross profit margin M = M(G, T) is
given by the formula
M =
9..
(a) Use functional notation to express the gross profit margin for a company that has a gross profit of $375,000 and a total revenue of $580,000.
M(
(b) Calculate the gross profit margin in part (a). The gross profit margin is often expressed as a percent. Give your answer as both a decimal and a percent. (Round your decimal answer to two decimal places, and your percent to the
nearest percent.)
M =
M =
%
(c) If the gross profit stays the same but total revenue increases, would the gross profit margin increase or decrease?
O The gross profit margin will increase.
The gross profit margin will decrease.

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