A and D are the correct answer
Answer:
33%
Explanation:
The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.
The gross profit is the difference between the sales and the cost of goods sold.
Gross profit for 2016
= $62,000,000 - $41,540,000
= $20,460,000
Gross profit percentage
= $20,460,000
/$62,000,000
= 0.33
= 33%
You should tap the breaks repeatedly and pull over
