Use the information above to answer the following question.The gross profit percentage for 2014 is closest to:
A)42%.
B)13.5%.
C)57.7%.
D)21.15%.

Name: Use the information above to answer the following question.The gross profit percentage for 2014 is closest to: A)42%. B)13.5%. C)57.7%. D)21.15%.
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Question

Quizplus · Accepted Answer

Gross Profit Percentage = (Gross Profit / Revenue) * 100
For 2014, Gross Profit = 100, Revenue = 173
Therefore, Gross Profit Percentage = (100/173) * 100 = 57.8% (approx.)

Use the Information Above to Answer the Following Question