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
$5,760
B
$66,240
C
$21,430
D
$46,050
E
$12,580
clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810clep.ai501(c)(3) non-profit • UBI: 606234803 • EIN: 42-2740810If a company has a gross profit margin of 8% and net sales of $72,000, what is its gross profit?
$5,760
$66,240
$21,430
$46,050
$12,580