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Usimov [2.4K]
3 years ago
13

The following information was drawn from the annual reports of two companies.

Business
1 answer:
Semenov [28]3 years ago
5 0

Answer:

The answer is D.

Explanation:

Gross profit or margin is the profit a business generate after deducting cost of sales from its sales or revenue.

Gross profit or margin percentage is expressed as gross profit/sales(revenue) x 100

In the question, gross profit for company A is $400 and sales is $1000

Therefore, gross profit percentage is 400/1000 x 100

=40%

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