Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 12 - No. 17)

If the gross profit is $80,000 and the sales revenue is $240,000, what is the gross profit margin?

25%

33.33%

33%

50%

Gross Profit Margin = (Gross Profit / Sales Revenue) * 100 = ($80,000 / $240,000) * 100 = 33.33%