Question

Multiple Choice ( Select 1 out of 4 options, for the question below)
The gross profit must always be calculated as percentage on​

Answer 1

Answer:

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Answer 2

Sales are the right answer.

Explanation:

• Gross income will seem on a company's earnings assertion and may be calculated via way of means of subtracting the cost of goods sold (COGS) from sales (sales).
• Gross margin represents the element of every greenback your enterprise retains.
• For example, in case your gross margin is 40%, you're earning $0.40 for every dollar of sales you earn.

Sometimes called the gross margin ratio, the gross income margin is often expressed as a percentage of sales.

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