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    boulgenl's Avatar
    boulgenl Posts: 1, Reputation: 1
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    #1

    Jul 24, 2010, 12:02 AM
    accounting question?
    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?
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Jul 24, 2010, 12:16 AM

    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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