Last month, Korey’s Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey’s g

Question

butalik [34]

2 years ago

11

Last month, Korey’s Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey’s g

ross profit margin. a. 42.5% b. 55.7% c. 76.3% d. 179.5%

Mathematics

2 answers:

kondaur [170] · Answer 1 · 2023-08-25T02:57:54+03:00

The gross profit margin for Korey’s Comics given the net sales, gross profit and net income is 55.7%.

<h3>What is the gross profit margin?</h3>

Gross profit margin is a profitability ratio. It is used to measure the financial health of a company and used to determine the efficiency with which the firm generates profits.

Gross profit margin = net income / gross profit

1850 /3320 = 55.7%

Ksenya-84 [330] · Answer 2 · 2023-08-25T00:37:04+03:00

Ksenya-84 [330]2 years ago

5 0

Answer:

actually its A... i know cause i got it WRONG

Step-by-step explanation: