Pick up the correct statement from the following:-A-The difference between sales revenue and cost of goods sold, is known as 'Gross Profit.'B-The gross profit percentage is the average profit margin obtained on goods sold.C-The relationship of contribution to sales is known as contribution ratioD-The difference between sales and variable cost of sales, is called contribution.E-All of these-E-All of these

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Pick up the correct statement from the following:-A-The difference between sales revenue and cost of goods sold, is known as &#39;Gross Profit.&#39;B-The gross profit percentage is the average profit margin obtained on goods sold.C-The relationship of contribution to sales is known as contribution ratioD-The difference between sales and variable cost of sales, is called contribution.E-All of these-E-All of these

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E All of these No answer description is available.

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Engineering Economy - Engineering

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