Metal products sells 100,000 flash drives annually to industrial distributors who resell the drives to business customers for $20 each. The distributors' margins are 30%. Metal Products' cost of goods sold is $3 each, and its total variable costs (including selling cost) are $5 per drive. What is the gross margin (in percentage) enjoyed my Metal Products on its drives?

Answer rating: 100% (QA)

Here Distributors margin 30 their selling price 20 So the cost of distr... View the full answer