A company has sale revenue of $230,000 if cost of goods sold is 65% of sales...
Homework Answers
| Gross Profit | = | $ 80,500 |
| Workings: | ||
| Sales Revenue | = | $ 2,30,000 |
| Cost of Goods Sold | = | 65 % of Sales Revenue |
| = | 65% X 230000 | |
| = | $ 1,49,500 | |
| Gross Profit | = | Sales Revenue - Cost of Goods Sold |
| = | $230000 - $149500 | |
| = | $ 80,500 |
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company has sale revenue of $230,000 if cost of goods sold is 65%
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