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Management · Q299

Management Accounting

Graduate and Post Graduate · Management · question 299

Q299

If gross margin is 9000 and cost of goods sold is 8000 then revenue will be

A.
$1,000
B.
-$1000
C.
$17,000
Answer
D.
-$17000

Answer: Option C

Solution

Answer: Option C
Solution:
Revenue = Gross margin + Cost of goods sold
= 8000 = $17,000.