Question
If sales are $300,000 and cost of goods sold is $180,000, what is the gross profit and gross margin percentage? Do not enter dollar signs
If sales are $300,000 and cost of goods sold is $180,000, what is the gross profit and gross margin percentage?
Do not enter dollar signs or commas in the input boxes.
Round the gross profit margin to 2 decimal places.
Gross Profit = $Answer
Gross Profit Margin =Answer
%
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
