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Candy Company had sales of $240,000 and cost of goods sold of $103,200. What is the gross profit margin (ratio of gross profit to sales)?

Candy Company had sales of $240,000 and cost of goods sold of $103,200. What is the gross profit margin (ratio of gross profit to sales)?
asked 210k views
2 votes
Candy Company had sales of $240,000 and cost of goods sold of $103,200. What is the gross profit margin (ratio of gross profit to sales)?

asked
User NMGod
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7.6k points

1 Answer

1 vote

Answer:

gross profit= sales- cost of goods

answered
User TriTap
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