How much was the gross profit margin percentage for Coca-Cola Company for the quarter ending Sep, 2020? Less than 20% Between 20% and 30% Between 30% and 40% More than 40%

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FreeCandies · Answer 1 · 2021-06-20T14:06:38+0000

Answer: More than 40%

Step-by-step explanation:

Coca-cola Gross profit for the quarter ending Sep, 2020 is $5,181 million. Coca-cola's revenues for the same period are $8,652 million.

The Gross profit margin is therefore;

= Gross Profit / Revenue

= 5,181/8,652

= 59.9%