Answered: A retail store's cost of goods sold is…

A retail store's cost of goods sold is $210,000, and its desired gross profit rate is 30% on sales. What should be the total sales amount to achieve this target?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 3CE: Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods...

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A retail store's cost of goods sold is $210,000, and its desired gross profit rate is 30% on sales. What should be the total sales amount to achieve this target?

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