Question

question 8
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gross margin is:
select one:
a. (sales - cogs) / sales
b. sales - expenses
c. profit + cash
d. assets - liabilities

Explanation:

Gross margin is a profitability metric calculated by subtracting the cost of goods sold (COGS) from sales to get gross profit, then dividing by sales to express it as a percentage. Option b refers to operating income (if expenses are operating expenses), option c is not a standard metric, and option d is equity—none match the definition of gross margin.

Answer:

a. (Sales - COGS) / Sales