Discussion :: Engineering Economy
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Pick up the correct statement from the following:
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A.
The difference between sales revenue and cost of goods sold, is known as 'Gross Profit.'
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B.
The gross profit percentage is the average profit margin obtained on goods sold.
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C.
The relationship of contribution to sales is known as contribution ratio
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D.
The difference between sales and variable cost of sales, is called contribution.
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E.
All of these
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Answer : Option E
Explanation :
No answer description available for this question.
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