Practice: If XYZ Company has net sales of $500,000 and cost of goods sold of $320,000, the gross profit percentage is:
Concept #1: Ratios: Gross Profit Percentage
Practice: If XYZ Company has net sales of $500,000 and cost of goods sold of $320,000, the gross profit percentage is:
Practice: A company has sales of $300,000 and gross profit of $135,000. What is the company’s cost of goods sold?
Practice: A company has sales of $300,000 and gross profit of $135,000. What is the gross profit percentage?
