Gross and net profit practice
Quiz by Bernice W. Broussard
Feel free to use or edit a copy
includes Teacher and Student dashboards
Measure skillsfrom any curriculum
Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
- edit the questions
- save a copy for later
- start a class game
- automatically assign follow-up activities based on students’ scores
- assign as homework
- share a link with colleagues
- print as a bubble sheet
- Q1
What does the net profit margin tell us?
How effectively a business turns sales into profits
How effectively a business turns costs of goods sold into profits
How effectively a business turns costs into profits
How effectively a business turns operating expenses into profits
30s - Q2
Revenue = $100,000
Cost of goods sold = $50,000
Other expenses = $25,000
What is the gross profit?
$50,000
$100,000
$75,000
$25,000
30s - Q3
What does the net profit margin tell us?
The cash inflows and outflows
How many staff are employed
What type of ownershipship the business has
How efficiently a business is run
30s - Q4
Why might the gross profit margin go up?
Operating (other) expenses have increased
Operating (other) expenses have decreased
Cost of goods sold have increased
Cost of goods sold have decreased
30s - Q5
A fall in gross profit margin might suggest_____________.
that suppliers are charging lower prices
that operating (other) expenses have increased
that the business is charging customers higher prices
that suppliers are charging higher prices
30s - Q6
Revenue = $200,000
Cost of goods sold = $160,000
Operating (other expenses) = $20,000
What is the total net profit?
$10,000
$20,000
$90,000
$40,000
30s - Q7
Revenue = $80,000
Cost of goods sold = $30,000
Operating (other expenses) = $10,000
What is the total net profit?
$70,000
$40,000
50,000
$65,000
30s - Q8
Revenue = $200,000
Cost of goods sold = $160,000
Operating (other expenses) = $20,000
What is the total gross profit?
$40,000
$20,000
$65,000
$180,000
30s - Q9
What will impact the gross profit margin?
Sales price charged remaining the same
Decrease in operating (other) expenses
Increase in operating (other) expenses
Cost of goods sold increase
30s - Q10
Gross profit is the difference between _____________.
Sales revenue and other expenses
Sales revenue and fixed costs
Sales revenue and cost� of cost of goods sold
Sales revenue and total costs
30s - Q11
Revenue = $50,000
Cost of goods sold = $25,000
Other expenses = $5,000
What is the total net profit?
$30,000
$20,000
$10,000
$25,000
30s - Q12
Revenue = $100,000
Cost of goods sold = $50,000
Other expenses = $40,000
What is the gross profit margin?
50%
85%
10%
35%
30s - Q13
What is the net profit margin formula?
Net profit /� other expenses x 100
Net profit / Total revenue x 100
Gross profit� / Total revenue x 100
Net profit / Cost of goods sold x 100
30s - Q14
What is the gross profit margin formula?
Gross profit / Total revenue x 100
Total revenue / Gross profit x 100
Net profit / Total revenue x 100
Cost of goods sold / Total revenue x 100
30s - Q15
Net profit = $100,000
Cost of goods sold = $50,000
Total sales revenue = $300,000
What is the net profit margin?
33.3%
16.7%
20%
66.6%
30s