38OpenVellumH MAC-c553b2d239b85e1271d57f9fc2cf3005 #10016 ake a Test As Secure l
ID: 2539352 • Letter: 3
Question
38OpenVellumH MAC-c553b2d239b85e1271d57f9fc2cf3005 #10016 ake a Test As Secure l https://www.mathol.com/Student/PlayerTest.aspx?testld-179781484¢env;ínsyes MAC 7200 Test: Final Exam This Question: 2 pts 22 of 45 (16 complete) Sales Cost of goods sold Gross margin $5,000 4.00 $1,000 $6,000 4800 $1,200 $30,000 15.000 $15,000 Product 1 Sales Product 2 Sales Product 3 Sales Manager visits Customer Type 1 $500 $1,000 $16,000 Customer Type 2 $4,500 $5,000 $14,000 16 What is the gross profit margin for all three products for Customer Type 1? OA. S8.250 OB. S8.200 O C. $8,000 D. $8.300Explanation / Answer
Product 1
Product 2
Product 3
Total
Sales
$5,000
$6,000
$30,000
Less: Cost of goods sold
$4,000
$4,800
$15,000
Gross profit
$1,000
$1,200
$15,000
Gross profit ratio = Gross profit/Sales*100
20%
20%
50%
Customer type 1 sales
$500
$1,000
$16,000
$17,500
Customer type 1 gross profit
=(Gross profit ratio*customer type 1 sales)
$100
$200
$8,000
$8,300
Ans
Option (D) $8,300 is correct
Product 1
Product 2
Product 3
Total
Sales
$5,000
$6,000
$30,000
Less: Cost of goods sold
$4,000
$4,800
$15,000
Gross profit
$1,000
$1,200
$15,000
Gross profit ratio = Gross profit/Sales*100
20%
20%
50%
Customer type 1 sales
$500
$1,000
$16,000
$17,500
Customer type 1 gross profit
=(Gross profit ratio*customer type 1 sales)
$100
$200
$8,000
$8,300
Ans
Option (D) $8,300 is correct
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