A company sells goods at a mark-up of 40% on cost. Sales revenue is $500,000. What is the cost of sales?
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- ans plzIf a company's cost of sales divided by total sales results in 70 percent, how much does the company pay for an item that it sells for $100?The weighted-average cost method is used by Mendez, Inc. Sales are $80,000, the number of units available for sale is 100, the number of units sold during the period is 75, and the weighted average cost of the goods available for sale is $200 each. How much is gross profit for the company?
- You made a sale for $175,000. The customer paid in cash. Your gross margin is 48%. What is your cost of goods sold?The rate of markup on cost on a product selling at $64.50 is 45%. What is the cost of the product to the retailer? What is the rate of markup on selling price?Please help me with show all calculation thanku
- A retailer buys a product from a supplier for $40. The retailer needs a 30% markup on cost to cover operating expenses. If the product is sold for $48, what is the outcome?1. A company sells 900 units/month at P69.99 each, with an P28.12 per-unit cost and P2,517.00 monthly fixed costs. Is this company making a profit?Can you please answer the question