ster has a small store. For the current month, she purchased merchandise costing 75000 for which she paid for 7500. She sold 60% of the merchandise for 68000, after spending for various expenses totaling 13000. She also paid 2000 for the interest on a money she borrowed for her store. a. How musch was her cost of sales? b. How much gross profit did she make? c. How much operating profit did she make?
ster has a small store. For the current month, she purchased merchandise costing 75000 for which she paid for 7500. She sold 60% of the merchandise for 68000, after spending for various expenses totaling 13000. She also paid 2000 for the interest on a money she borrowed for her store. a. How musch was her cost of sales? b. How much gross profit did she make? c. How much operating profit did she make?
Chapter3: Income Sources
Section: Chapter Questions
Problem 79P
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Ester has a small store. For the current month, she purchased merchandise costing 75000 for which she paid for 7500. She sold 60% of the merchandise for 68000, after spending for various expenses totaling 13000. She also paid 2000 for the interest on a money she borrowed for her store.
a. How musch was her cost of sales?
b. How much gross profit did she make?
c. How much operating profit did she make?
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