alleryStart learning →Net sales are Rs 4,00,000 and cost of goods sold Rs 3,00,000. The gross margin percentage is
A25%
B33.33%
C30%
D75%
Answer & Solution
Correct answer: A. 25%
Gross margin = (4,00,000 - 3,00,000) / 4,00,000 x 100 = 25 percent of net sales.
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