If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.
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- If , gross profit = Rs 30,000 GP margin = 20% of sales. What will be the value of cost of goods sold? A. Rs 160,000 B. Rs 120,000 C. Rs 100,000 D. Rs 90,000Snyder’s cost of goods sold using the LIFO method would be:a. $7,200.b. $7,400.c. $7,475.d. $7,700.Snyder’s cost of goods sold using the average-cost method would be:a. $1,725.b. $6,500.c. $7,475.d. $9,200.
- How much are Sales if Cost of Sales is $46,500, Cost of Labor is $33,247, the fixed costs are $65,883, and the profit is $2,129? Select one: a. $147,750 b. $158,759 c. $145,630 d. $147,759Snyder’s total cost of goods available for sale would be:a. $2,000.b. $7,200.c. $8,000.d. $9,200.LC3Q4.lf the Margin is 20 percent and cost of goods sold is OMR 33000, Calculate the sales figure?
- 3. If the mark-up based on cost is 50%, what is the mark-up based on sales? If the gross profit rate based on cost is 42 86% uho TwhatiCalculate the gross profit from the following? Sales OMR 10000, Cost of goods sold OMR 4000 and Return inwards OMR 4000, Return outwards 2000, Purchases 5000.Calculate the gross profit from the following? Sales of OMR 20000, Cost of goods sold OMR 8000 and Return inwards OMR 6000, Return outwards 4000, Purchases 15000. a. OMR 5000 b. OMR 8000 c. OMR 6000 d. OMR 12000
- assume that markup is based on selling price. calculate cost and selling price. dollar markup s $5.60 and percent on markup cost is 101.82%.Calculate the cost of sales given the following: Net Sales - RM36,400, Gross Profit - RM12,600, Net Purchase - RM20,100. O RM7,500 O RM23,800 O RM28,900 RM16,300Calculate gross profit from the following? Sales OMR 50000, Cost of goods sold OMR 30000 and Return inwards OMR 10000. a. OMR 10000 O b. OMR 30000 O c. OMR 20000 O d. OMR 90000