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%
 

Please select the best answer from the choices provided

A
B
C
D

GPT-5 mini · Answer

C

Gross profit margin = Gross profit / Net sales = 3,320 / 4,350 ≈ 0.7632 = 76.3%

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%

Please select the best answer from the choices provided

A
B
C
D

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% Please select the best answer from the choices provided A B C D

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%

Please select the best answer from the choices provided

A
B
C
D