Answer:
C. 37.4%
Step-by-step explanation:
The computation of the gross profit margin is shown below:
Gross profit margin is
= Gross profit ÷ Sale revenue × 100
= $4,267.2 ÷ $11,406.90 × 100
= 37.4%
By dividing the gross profit by the sales revenue we can get the gross profit margin.
It is always expressed in a percentage form
All the other information which is given in the question is not relevant. Hence, ignored it