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  • If COGS is 1/2 of sales price, then gross profit will be_...
Multiple choice

If COGS is 1/2 of sales price, then gross profit will be________% of cost.

  1. 50

  2. 100

  3. 200

  4. 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%

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