A company has sales of Ghc1,000. The company sell three types of goods. Sixty percent of sales are of type A. Which is sold at a mark -up of 20%. Type B goods are sold at a margin of 30%. The cost of type B sold in the year was Ghc154 and the total gross profit for the year was Ghc184. What was the gross profit for type C?

Q: How is the gross profit percentagecomputed? Illustrate its calculation and interpretationassuming…

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A: Lets understand the basics. Gross profit rate is a rate generated from the sales of the company . It…

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A: Solution: Gross Profit is Sales minus Cost of goods sold. Sales - Cost of goods sold = Gross profit…

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A: Lets understand the basics. Gross profit is a amount which derived by the entity after deducting…

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A: Step 1: What is Sales:Sales are the primary activity on which the company can earn a profit. There…

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A: Step 1: Introduction to Gross Profit:For a manufacturing firm, the gross profit is determined by…

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A: The cost of goods manufactured can be calculated from the cost of goods sold function

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A: Gross profit: The difference between the sales and the cost of goods sold is called gross profit.…

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A: Unit Product Cost = Cost of Goods Manufactured / Number of Units Produced

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A: Sales margin is the amount that is generated by the sale of product or services. It is calculated by…

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A: Gross Profit = Sales Revenue x Gross Profit Margin Cost of Goods Sold = Sales - Gross Profit

Q: A company's total sales in a year were $2,710,000. The cost price of goods sold was $2,040,000.…

A: Detailed explanation:100% gross amount - 10% discount = 90% net of discount$ 15300 of electricity…

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A: Answer:- Maintained markup percentage (retail) = (Retail expenses + Net profit) / Net annual…

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A: Units sold means the number of goods sold by the entity in the market during a particular period.…

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A: Income statement is a financial statement that shows profitability, total revenue and total…

Q: A company had £270,000 in sales; £150,000 in goods available for sale; ending finished goods…

A: The Beginning inventory can be calculated by adding up ending inventory and deducting net purchase…

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A: Step 1: Introduction to the Ending Finished GoodsGoods can be defined as the finished products…

Q: A consumer products company reported a 20 percent increase in sales from last year to this year.…

A: Gross profit margin or percentage means the amount of gross profit that an entity could earn as…

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Q: Can you please answer the question

A: Step 1: Introduction to the Gross Profit MarginThe gross profit margin is calculated on its income…

Q: Consider the following data: Sales -- P 100,000; Gross Profit rate based on sales -- 30%; Goods…

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A: Income statement is a financial statement that shows profitability, total revenue and total expenses…

Q: Olde Tyme Beverage Company’s operating activities for the year are listed below. Cost of Goods…

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