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Commerce · Q720

Costing

Graduate and Post Graduate · Commerce · question 720

Q720

If percentage of overall gross margin is 15 and final sales value of whole production is 20000, then gross margin (in dollars) will be

A.
$30,000
B.
$300,000
Answer
C.
$40,000
D.
$400,000

Answer: Option B

Solution

Answer: Option B
Solution:
If percentage of overall gross margin is 15 and final sales value of whole production is 300,000.
Gross Margin = Sale value × Gross margin percentage
300000.
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