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Author Question: Find the gross margin percent with the following figures: Net sales 450,000 Gross cost of ... (Read 306 times)

JGIBBSON

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on: Sep 11, 2018
Find the gross margin percent with the following figures:
  Net sales 450,000
  Gross cost of merchandise sold 205,000
  Cash discounts 6,125
  Alteration costs 2,075
 
  What will be an ideal response?

Question 2

Find the maintained markup percent with the following figures:
  Net sales 450,000
  Gross cost of merchandise sold 205,000
  Cash discounts 6,125
  Alteration costs 2,075
 
  What will be an ideal response?


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cam1229

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Reply #1 on: Sep 11, 2018
Answer to Question 1

55.34

Answer to Question 2

54.44


JGIBBSON

  • Member
  • Posts: 538
Reply 2 on: Sep 11, 2018
YES! Correct, THANKS for helping me on my review

rachel

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Reply 3 on: Yesterday
Excellent

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