Brad Gravel Pitt Company has sales of $421,000 and cost of goods sold of $219,000. a. What is the gross profit margin? Gross profit margin $202000 b. If the average firm in the gravel industry has a gross profit margin of 41 percent, how is this firm doing? Brad Gravel Pitt Company is outperforming the industry average of 41%.

Brad Gravel Pitt Company has sales of $421,000 and cost of goods sold of $219,000. a. What is the gross profit margin? Gross profit margin b. If the average firm in the gravel industry has a gross profit margin of 41 percent, how is this firm doing? Brad Gravel Pitt Company is the industry average of 41%