Given the following information, what is the gross margin percentage? Sales Sales discounts $129,400 6,100 Sales returns and allowances 4,700 Transportation-In Cost of goods sold A. 55.4%. B. 47.8% C. 54.6% D. 50.4% 5,900 58,800

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Question: The cost of goods sold as a percentage of net sales revenue is (round your answer to two decimal places). Sales Revenue $420,000 Sales Returns and Allowances 1,400 Sales Discounts Net Sales Revenue Cost of Good Sold a) 62.45% b) 62.58% c) 61.90% d) 62.24% 850 417,750 260,000

calculate the requirements

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chapter 3 6. Given the information below, what is the gross margin percent?  Round your answer to two decimal places and add a percent sign (i.e. 15.37%) Cost of Merchandise Sold 51.30% Expenses $317,820 Profit 4.65%

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General Accounting Question please answer

Sales Cost of goods sold Operating expenses Sales discounts Sales returns and allowances Interest revenue P 460,000 300,000 85,000 20,000 15,000 5,000 From the details above, compute the net sales.

chapter 3  5. Given the information below, what are Net Sales (dollars)?  Round your answer to the dollar and add a dollar sign and comma separator  (i.e. $15,467) Cost of Merchandise Sold 51.30% Expenses $317,820 Profit 4.65%