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
C. $40,000
D. $400,000
Answer: Option B
Solution (By Examveda Team)
If percentage of overall gross margin is 15 and final sales value of whole production is $20000, then gross margin (in dollars) will be $300,000.Gross Margin = Sale value × Gross margin percentage
$20000 × 15 = $300000.
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