Are you taking AP classes? Try apfive.com
501(c)(3) Nonprofit
Financial Accounting/General Topics
Start Practice TestPractice Test
About Exam
easy

Gross Profit Calculation

< Prev
Next >

If a company has a gross profit margin of 8% and net sales of $72,000, what is its gross profit?

A

$5,760

B

$66,240

C

$21,430

D

$46,050

E

$12,580

Hint
Did You Know?
Explain Why
Explain All Answers
Check Answer
Show Correct Answer
Report Question

Question Leaderboard

Not enough data yet to show leaderboard.

AI Tutor

How can I help?