Missing Revenue Prevents Profit Calculation

Steps:

• Identify key figures: Gross profit = $80,000; Expenses =$12,000.
• Calculate net profit: Net profit = Gross profit - Expenses = $80,000 -$12,000 = $68,000.
• Note that profit percentages (e.g., margin) require revenue to compute as (Net profit / Revenue) × 100.
• Revenue value is absent (listed as "Revenue $"), making percentage impossible to determine.

Why A is correct:

• Not applicable; insufficient data for any percentage.

Why the others are wrong:

• B: 15% might miscalculate expenses as percentage of gross profit (12,000 / 80,000 = 15%), but question asks for profit, not expenses.
• C: 25% has no basis in given data.
• D: 40% has no basis in given data.

Not enough information.

Final answer: Not enough information.