The correct answer is 25%. Gross Profit RatioIt is a financial ratio that measures the performance and efficiency of a business by dividing its gross profit figure by the total net sales. The gross profit ratio can also be expressed in percentage form, multiplying the result by 100. It is a profitability ratio that shows the relationship between gross profit and total net sales revenue. Gross Profit Ratio = Gross Profit / Net Sales * 100Gross Profit Ratio = 60000/240000* 100= 25%Additional Information Gross ProfitIt is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. It will appear on a company's income statement and can be calculated by subtracting the cost of goods sold( COGS) from revenue( Sales). It assesses a company's efficiency at using its labour and supplies in producing goods and services. It only includes variable costs and doesn't account for fixed costs.