boulgenl Posts: 1, Reputation: 1 New Member #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 Posts: 1,420, Reputation: 23 Ultra Member #2 Jul 24, 2010, 12:16 AM

Beginning inventory =28000
Sub-total... =138000
Less ending inv... =47000
Gross Profit... =91000.

60 = 91000
100= 151667.

ANSWER = Net sales revev = 151,667

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