Last month, Korey’s Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. C

Question

Last month, Korey’s Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850.  Calculate Korey’s gross profit margin.
a.
42.5%
b.
55.7%
c.
76.3%
d.
179.5%

GPT-5 mini · Answer

Gross profit margin = (Gross profit / Net sales) × 100 = (3,320 / 4,350) × 100 ≈ 76.3%.  
Answer: c.

Last month, Korey’s Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey’s gross profit margin.
a.
42.5%
b.
55.7%
c.
76.3%
d.
179.5%

All Answers 1

Submit Your Answer

Last month, Korey’s Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey’s gross profit margin. a. 42.5% b. 55.7% c. 76.3% d. 179.5%

All Answers 1

Submit Your Answer

Last month, Korey’s Comics had $4,350 in net sales with a gross profit of $3,320 and a net income of $1,850. Calculate Korey’s gross profit margin.
a.
42.5%
b.
55.7%
c.
76.3%
d.
179.5%