I have a problem I can't seem to solve. Beginning inventory =28000 ending inv=47000, net purchases =110000. gross profit =60 percent what is the net sales revenue. Do you have a formula to figure this out?
I have a problem I can't seem to solve. Beginning inventory =28000 ending inv=47000, net purchases =110000. gross profit =60 percent what is the net sales revenue. Do you have a formula to figure this out?
Beginning inventory =28000
Add net purchases =110000
Sub-total... =138000
Less ending inv... =47000
Gross Profit... =91000.
60 = 91000
100= 151667.
ANSWER = Net sales revev = 151,667
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