Given the cost of goods sold is $30,000, and the gross profit is 20%, then sales would be: A. $36,000 B. $37,500 C. $35,000 D. None of these
Given the cost of goods sold is $30,000, and the gross profit is 20%, then sales would be: A. $36,000 B. $37,500 C. $35,000 D. None of these
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Given the cost of goods sold is $30,000, and the gross profit is 20%, then sales would be:
A. $36,000
B. $37,500
C. $35,000
D. None of these
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