Multiple choice If COGS is 1/2 of sales price, then gross profit will be________% of cost. 50 100 200 25 Reveal answer Fill a bubble to check yourself B Correct answer Explanation Let sales be Rs. 100, COGS = Rs. 50. Thus, G.P= Rs. 50 and G.P/ sales ratio =100% It is 50% of sales while sales/G.P. ratio is 200%