Shields Corporation purchases 5 flashlights for $5 each and sells them to customers for $9 each. What is Shield's total gross profit? a. $4 b. $20 c. $25 d. $45 e. $5
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- Home Depot sells a couch for $250.50. The dollar amount of markup on the couch is $95.72. Round all dollar values to two decimal places and percentages to two decimals (i. e 34.56%). a. What is the cost to Home Depot? [1 pt] b. What is the markup on selling percentage? 1ptAnswer?2 A storekeeper bought merchandise for $2940. If she sells the merchandise at 16% above cost, how much gross profit does she make? Her gross profit is $ (Type an integer or a decimal)
- Everest Industries sold goods that originally cost $720,000 for $1,250,000. What is Everest's gross profit? Ansa. For how much does Nicolas Appliance Center sell an electric fan? 2. Nicolas Appliance Center has purchased electric fans for Php 800 eac The electric fans are marked up 48% of the selling price. b. What is the rate of markup based on cost?Ace Landscape buys 100 shovels for $15 each. Ace sells all 100 shovels at $30. What is the profit made by Ace? (profit = sales - cost) Group of answer choices $1,400 $1,500 $1,600 $3,000
- You have the following income statement data: Sales Cost of goods sold (Depreciation not included) Depreciation $100 Interest expense $60 Tax rate 30% Calculate net income. Round your answer to 2 decimal points; example 234.12. Your Answer: $850 $499 AnswerMichael's Home Furnishings made Net Sales Revenue of $150,000, and the Cost of Goods Sold (COGS) totaled $90,000. What is the gross profit percentage for this period? a. 50% b. 40% c. 30% d. 60%helpMCQ

