Understanding Gross Profit Margins
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Question 1 of 4
1. Question
Gross Profit is the difference between the sales and all costs.
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Question 2 of 4
2. Question
Gross profit margin and mark-up are the same.
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Question 3 of 4
3. Question
Mark-up equals cost multiplied by the desired mark up percent.
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Question 4 of 4
4. Question
Discounting can have a negative impact on profits.
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