jdcash5195 jdcash5195

05-12-2017
Business

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Gilbert inc. generated sales revenues of $1,000,000 in the year 2015. its cost of goods sold amounted to $400,000. calculate gilbert's gross profit percentage.

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michaelcohen41oy7lzg michaelcohen41oy7lzg

05-12-2017

[tex]400000 \div 1000000 = .4 \times 100 = 40[/tex]
[tex]100 - 40 = 60[/tex]
60%

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