Gross Profit Calculation
If a company has a gross profit margin of 8% and net sales of $72,000, what is its gross profit?
A
$12,580
B
$66,240
C
$5,760
D
$46,050
E
$21,430
If a company has a gross profit margin of 8% and net sales of $72,000, what is its gross profit?
$12,580
$66,240
$5,760
$46,050
$21,430