Please give me only correct answer.I posted this question already but someone give me incorrect solution Please help me with only correct answer.I will really upvote •COGS = $390,000%3D•GM = 60%%3D•Store size: 20 ft x 25 ft.•2,500 transactions•5,000 units sold•Salaries 97,500•Occupancy is $107,250Q. what is the Average Selling Price?

COGS = 390000 GM = 60% GM = Sales - COGS 60%= Sales -390000 Sales = 390000/60% Sales = $6,50,000

Answered: Q. what is the Average Selling Price?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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