Kryton Corp.has provided the following information: Gross profit was $620,000;
Cost of goods sold was $380,000;
Net income was $400,000.
What was Kryton's gross profit percentage?
A)40%
B)61.3%
C)62%
D)155%

Question

Quizplus · Accepted Answer

The Answer of Kryton Corp.has provided the following information: Gross profit was $620,000;
Cost of goods sold was $380,000;
Net income was $400,000.
What was Kryton's gross profit percentage?
A)40%
B)61.3%
C)62%
D)155%