In 2019, ABC had sales of 1500 and a gross margin percentage of 30% of sales. what was ABC's 2019 GM?

Expert Solution

*ABC's 2019 Gross Margin= 450.

Given,

*Sales = 1500; *Gross Margin % = 30% on sales.

*Gross Margin = [Sales * Gross Margin Percentage] = 1500 * 30% =450.

*Gross Margin=

Total Sales - Total Costs; * Total Sales * Gross margin %

ekkarill92 answered 2 years ago

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