A company has sales of $2,530,000,sales discounts of $200,000,sales returns and allowances of $323,000,shipping charges of $115,000,sales commissions of $234,000,net income totaled $863,500,and cost of goods sold of $1,012,000.What is the gross profit/margin ratio?

Question

Quizplus · Accepted Answer

(2,530,000-200,000-323,000-1,012,000)/(2,530,000-200,000-323,000)=49.58%

A Company Has Sales of $2,530,000,sales Discounts of $200,000,sales Returns