Gross Margin Calculations Multiple Choice Questions (MCQ) PDF Download

MCQ 1: If the cost of goods sold is $8000, the gross margin is $5000 then the revenue will be

1. $13,000
2. −$13000
3. $3,000
4. −$3000

MCQ 2: If the gross margin is $6000 and the total revenue is $26000, then the gross margin percentage will be

1. 23.08%
2. 24.08%
3. 25.08%
4. 26.08%

MCQ 3: The gross margin is $7000 and the revenues are $16000, then the cost of goods sold would be

1. $23,000
2. −$23000
3. −$9000
4. $9,000

MCQ 4: If the fixed cost is $20000, the target operating income is $10000 and the contribution margin per unit is $1200 then required units to be sold will be

1. 55 units
2. 45 units
3. 35 units
4. 25 units

MCQ 5: If the contribution margin per unit is $40 per unit and selling price is $200, then the contribution margin percentage would be

1. 20%
2. 10%
3. 22%
4. 16%