
Gross Profit Margin
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Mathematics
9th Grade
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15 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the formula for calculating Gross Profit Margin?
Gross Profit Margin = (Gross Profit / Revenue) x 100.
Gross Profit Margin = (Revenue - Cost of Goods Sold) / Revenue x 100.
Gross Profit Margin = (Net Income / Total Assets) x 100.
Gross Profit Margin = (Operating Income / Total Revenue) x 100.
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If a business has a revenue of $100,000 and COGS of $60,000, what is the Gross Profit Margin?
30%
35%
40%
45%
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If a product costs $30 to make and is sold for $50, what is the Gross Profit?
$10
$15
$20
$25
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is Revenue?
Revenue is the income generated from the sale of goods and services.
Revenue is the total expenses incurred by a business.
Revenue is the profit made after all expenses are deducted.
Revenue is the amount of money invested in a business.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What happens if the Gross Profit Margin is low?
A low Gross Profit Margin may indicate high production costs or pricing issues.
A low Gross Profit Margin suggests that the company is highly profitable.
A low Gross Profit Margin means the company has no expenses.
A low Gross Profit Margin indicates that sales are increasing rapidly.
6.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If a company has a Gross Profit of $200,000 and Revenue of $500,000, what is the Gross Profit Margin?
30%
35%
40%
45%
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
What is the relationship between Gross Profit and Gross Profit Margin?
Gross Profit is the total revenue, while Gross Profit Margin is the cost of goods sold.
Gross Profit is the dollar amount, while Gross Profit Margin is the percentage of revenue that exceeds COGS.
Gross Profit is the profit after taxes, while Gross Profit Margin is the profit before taxes.
Gross Profit is the revenue minus operating expenses, while Gross Profit Margin is the total revenue.
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