Revenue Run: Profits Quiz

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Sales, costs, and profits quiz

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Millie Gonzalez

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Froggy Jumps Revenue Run: Profits QuizOnline version Sales, costs, and profits quiz by Millie Gonzalez 1 What is gross profit in simple terms? a Net income minus expenses b Revenue minus operating expenses c Revenue minus Cost of Goods Sold (COGS) 2 Which formula shows gross profit margin? a Gross Profit divided by Revenue times 100 b Revenue divided by Gross Profit c Net Profit divided by Revenue times 100 3 What is net profit margin formula? a Revenue divided by Net Profit times 100 b Net Profit divided by COGS times 100 c Net Profit divided by Revenue times 100 4 How is expense ratio calculated? a COGS divided by Revenue times 100 b Revenue divided by Expenses times 100 c Expenses divided by Revenue times 100 5 Markup percentage is best described as? a Net Profit divided by Revenue times 100 b Revenue divided by COGS times 100 c Gross Profit divided by Cost of Goods Sold times 100 6 COGS ratio formula equals? a COGS divided by Revenue times 100 b Revenue divided by COGS times 100 c Gross Profit divided by Revenue times 100 7 Mini income statement: Revenue 150, COGS 60, Gross Profit 90, Expenses 25. What is net profit? a 90 b 65 c 115 8 Given Revenue 200, COGS 80, calculate gross profit and gross margin. a Gross profit 80; margin 60% b Gross profit 80; margin 40% c Gross profit 120; margin 60% 9 If Revenue 300, COGS 120, Expenses 60, what is net profit and net margin? a Net profit 180; margin 60% b Net profit 60; margin 20% c Net profit 120; margin 40% 10 Which ratio is most useful to assess operating efficiency? a Gross profit margin b Net profit margin c Expense ratio

Froggy Jumps

Revenue Run: Profits QuizOnline version

Sales, costs, and profits quiz

by Millie Gonzalez

What is gross profit in simple terms?

Net income minus expenses

Revenue minus operating expenses

Revenue minus Cost of Goods Sold (COGS)

Which formula shows gross profit margin?

Gross Profit divided by Revenue times 100

Revenue divided by Gross Profit

Net Profit divided by Revenue times 100

What is net profit margin formula?

Revenue divided by Net Profit times 100

Net Profit divided by COGS times 100

Net Profit divided by Revenue times 100

How is expense ratio calculated?

COGS divided by Revenue times 100

Revenue divided by Expenses times 100

Expenses divided by Revenue times 100

Markup percentage is best described as?

Net Profit divided by Revenue times 100

Revenue divided by COGS times 100

Gross Profit divided by Cost of Goods Sold times 100

COGS ratio formula equals?

COGS divided by Revenue times 100

Revenue divided by COGS times 100

Gross Profit divided by Revenue times 100

Mini income statement: Revenue 150, COGS 60, Gross Profit 90, Expenses 25. What is net profit?

115

Given Revenue 200, COGS 80, calculate gross profit and gross margin.

Gross profit 80; margin 60%

Gross profit 80; margin 40%

Gross profit 120; margin 60%

If Revenue 300, COGS 120, Expenses 60, what is net profit and net margin?

Net profit 180; margin 60%

Net profit 60; margin 20%

Net profit 120; margin 40%

Which ratio is most useful to assess operating efficiency?

Gross profit margin

Net profit margin

Expense ratio

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Revenue Run: Profits Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Revenue Run: Profits QuizOnline version

by Millie Gonzalez

What is gross profit in simple terms?

Which formula shows gross profit margin?

What is net profit margin formula?

How is expense ratio calculated?

Markup percentage is best described as?

COGS ratio formula equals?

Mini income statement: Revenue 150, COGS 60, Gross Profit 90, Expenses 25. What is net profit?

Given Revenue 200, COGS 80, calculate gross profit and gross margin.

If Revenue 300, COGS 120, Expenses 60, what is net profit and net margin?

Which ratio is most useful to assess operating efficiency?

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