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Question 7 X Sales in Argentina were ARS 715 million, with COGS ARS 320 million, shipping/tariffs ARS 107 million, and promotional allowance ARS 111

Question 7 X Sales in Argentina were ARS 715 million, with COGS ARS 320 million, shipping/tariffs ARS 107 million, and promotional allowance ARS 111 million. What is the gross margin on the product? Response 55% Student Explanation (715,000,000-320,000,000) / 715,000,000 = 0.55 = 55%

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