Pick up the correct statement from the following:
A. The difference between sales revenue and cost of goods sold, is known as 'Gross Profit'
B. The gross profit percentage is the average profit margin obtained on goods sold
C. The relationship of contribution to sales is known as contribution ratio
D. All of these
Answer: Option D
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Related Questions on Engineering Economics
The CRF (ep) is also known as: [CRF(EP) - 8% - 7], where
A. 8% is the rate of interest per year
B. Money is borrowed for n = 7 years
C. Both (A) and (B)
D. Neither (A) nor (B)
A. Sole proprietorship
B. Entrepreneurship
C. Partnership
D. Corporation
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
D. P 43,763.20
A. Architect/engineer
B. Construction manager
C. Owner himself/herself
D. Construction manager
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