Question

David Door Company had annual sales of $565,500. If the gross profit was $264,300, how would the gross profit de represented in a percent analysis?41.6%43.9%45.2%46.7%Nonehoices are correct

Answer 1

Annual sales = $565,500

Gross profit = $264,300

$\begin{gathered} \text{Percent gross profit = }\frac{Gross\text{ profit}}{\text{Annual sales}}\times100 \\ =\frac{264300}{565500}\times100\text{ =}46.73\text{ percent} \end{gathered}$

Therefore, the gross profit represented in the percent analysis is 46.7%