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-   -   Determining cost of merchandise sold (https://www.askmehelpdesk.com/showthread.php?t=773759)

  • Nov 3, 2013, 12:48 PM
    juanl
    Determining cost of merchandise sold
    Reported revenue:$27,433 million
    Gross profit: 6,495 million
    What is the amount of cost of merchandise sold?
  • Nov 3, 2013, 11:37 PM
    rehmanvohra
    Sales - COGS = Gross Profit
    Now fill in the blanks
    $27,433 million - ? = 6,495 million
    COGS = 27,433 - 6,495
    = 20938

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