solve it

> A Moving to the next question prevents changes to this answer. Question 1 If Royal Tours has sales revenue of $1,600,000 and Cost of Goods Sold are $1,000,000, which of the following is correct? Gross Profit = $600,000 and Gross Profit Margin = 37.5% O Gross Profit = $600,000 and Gross Profit Margin = 50% O Gross Profit = 50% and Gross Profit Margin = $600,000 O Gross Profit = 62.5% and Gross Profit Margin = $600,000 A Moving to the next question prevents changes to this