I think that it might be C
Answer:
46.67%
Explanation:
Gross margin is the ratio of gross profit to the total sales. The gross profit is the difference between the sales and cost of goods sold. Other cost given such as land and selling and distribution cost make up assets and operating expenses respectively.
Hence
Gross profit = $30,000 - $16,000
= $14,000
Gross margin = $14,000/$30,000
= 0.4667
The company's gross margin is 46.67%.
I believe the answer is B if not let me know
A I believe is the correct answer
Hi!
The day of the week a golf course is mostly likely to be closed on is Monday. =)
