If total merchandise available for sale is 68 percent of net sales and cost of goods sold is 56 percent of net sales, gross profit on sales is:
A)32 percent of net sales.
B)68 percent of net sales.
C)44 percent of net sales.
D)56 percent of net sales.

Question

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The Answer of If total merchandise available for sale is 68 percent of net sales and cost of goods sold is 56 percent of net sales, gross profit on sales is:
A)32 percent of net sales.
B)68 percent of net sales.
C)44 percent of net sales.
D)56 percent of net sales.

If Total Merchandise Available for Sale Is 68 Percent of Net