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12-08-2020
Business

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A company's gross profit (or gross margin) was $129,650 and its net sales were $502,900. Its gross margin ratio is

Respuesta :

Ritmeks Ritmeks

14-08-2020

Answer:

25.8%

Explanation:

A company gross profit is $129,650

The net sales is $502,900

Therefore, the gross margin ratio can be calculated as follows

Gross margin ratio= gross margin /net sales

= $129,650/$502,900

= 0.258×100

= 25.8%

Hence the gross margin ratio is 25.8%

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