Knowee
Questions
Features
Study Tools

When you minus direct production costs from selling price, you get your profit margin. Group of answer choicesTrueFalse

Question

🧐 Not the exact question you are looking for?Go ask a question

Solution 1

Assessing the Statement

  1. Understanding Profit Margin
    Profit margin is defined as the difference between the selling price and the cost of goods sold (COGS), which includes direct production costs.

  2. Breaking Down the Components

    • Selling Price: The amount for which a p Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI  is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI

This problem has been solved

Similar Questions

A profit calculated by adding a percentage to the costs of production is called:  A. Mark-up  B. Breakeven.  C. Margin.  D. Mark-down

Cost of sales plus profit is .a.selling price.b.value of goods produced.c.value of finished product.d.value of stocks.

Profit margin is calculated by dividing:Question 2Answera.profit by equityb.sales by cost of sales.c.profit by total assetsd.profit by net sales.

If sales revenue is $600,000 and cost of sales is $450,000, the gross profit margin is:33%25%67%75%

A gross margin is the difference between total revenue earned by the enterprise and variable (direct) costs?

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.