Susan's Salon maintains a gross margin of 58 on all of its ...

[berenicecastro]

Susan's Salon maintains a gross margin of 58 on all of its merchandise. In April the company had a beginning inventory of 622,500, net purchases of 92,400, and net sales of 127,700. Use the gross profit method to estimate the cost of ending inventory as of April 30.

Question 2

Flora's Flowers buys some pots and vases with a list price of 26,700. If the supplier offers a trade discount that yields a net price of 12,955, what is the trade discount rate to the nearest tenth of a percent?
 A) 45.1
  B) 49.5
  C) 59.6
  D) 51.5

[brbarasa]

Answer to Question 1

661,266

Answer to Question 2

D

[berenicecastro]

Thanks for the timely response, appreciate it

[Jsherida]

YES! Correct, THANKS for helping me on my review