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

Profit is calculated as revenue minus total costs.Group of answer choicestruefalse PreviousNext

Total revenue minus the implicit and explicit costs of production is profit.

Profit margin is calculated by dividing:Question 2Answera.sales by cost of sales.b.profit by total assetsc.profit by equityd.profit by net sales

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

Multiple Choice QuestionDuring the period, a company reports Sales of $38,000, Cost of Goods Sold of $20,000, and Income of $1,500. Profit margin is:Multiple choice question.8.3%7.5%3.9%