$30,000
$300,000
$40,000
$400,000
Answer is Right!
Answer is Wrong!
The correct answer is A. $30,000.
To calculate the gross margin, we can use the following formula:
Gross margin = (Sales value) x (Percentage of overall gross margin)
In this case, we know that the sales value is $20,000 and the percentage of overall gross margin is 15%. So, the gross margin is:
Gross margin = ($20,000) x (15%) = $30,000
Option B is incorrect because it is the total sales value, not the gross margin. Option C is incorrect because it is twice the actual gross margin. Option D is incorrect because it is 20 times the actual gross margin.