A company sells goods at a mark-up of 80% on cost. The total sales revenue is $500,000. What is the cost of sales?
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- Can you solve this financial accounting question with accurate accounting calculations?Brown Glory Corp. has sales revenue of $150,000, sales discounts of $12,000, sales returns allowances of $24,000, and cost of goods sold of $60,000. What would be the net sales revenue of Brown Glory Corp.?What is its gross profit? Give me solution
- If a company has annual sales of $840,000 with a gross profit margin of 35%, what is the cost of goods sold?The Tech Solutions Co. has a gross profit rate of 30%. The cost of goods sold for the company is $500,000. What is the gross profit?If 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?