If gross margin is $6000 and total revenue is $26000, then gross margin percentage will be
A. 23.08%
B. 24.08%
C. 25.08%
D. 26.08%
Answer: Option A
Solution(By Examveda Team)
Gross margin percentage = Gross margin ÷ Total revenue × 100= $6000 ÷ $26000 = 23.08%
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