Determining cost of merchandise sold [Archive]

juanl

Nov 3, 2013, 12:48 PM

Reported revenue:$27,433 million
Gross profit: 6,495 million
What is the amount of cost of merchandise sold?

rehmanvohra

Nov 3, 2013, 11:37 PM

Sales - COGS = Gross Profit
Now fill in the blanks
$27,433 million - ? = 6,495 million
COGS = 27,433 - 6,495
= 20938