Ask Experts Questions for FREE Help !
Ask
    serethajohnson's Avatar
    serethajohnson Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 30, 2014, 05:54 PM
    Earned revenue of 500,000 and incurred cost of googs sold of 100,000. What is the gro
    Earned revenue of 500,000
    Incurred cost of goods sold of 100,000
    What is the gross profit percent

    Company earned revenue of 400,00, and incurred cost of goods sold of320,000. Calculate the gross profit percent
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #2

    Jan 30, 2014, 06:45 PM
    This is too easy to answer for you. What percentage of 400,000 is 320,000? Balance is profit.


    Same process as 400,000 to 320,000. We don't do your homework for you.
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    Jan 31, 2014, 07:34 AM
    First you need to find the difference between your earned revenue and your cost of goods sold. Now take this difference and divide it by your earned revenue, then times your answer by 100 to get your gross profit percent.

    This is a duplicate post and the formula needed has been provided to you on your other post.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Crane company Division B recorded of 360,000, variable cost of goods sold of 315,000 [ 0 Answers ]

Crane Compay Division B recorded sales of 360,000, variale cost of goods sold of 315,000, variable selling expenses of 13,000 and fixed costs of 61,000 creating a loss from operations of 38,000. Determine the diffentia income or loss from the sales of Division B.

During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, a [ 2 Answers ]

As of December 31, 2010, Thomas Company had total assets of $156,000, total liabilities of $85,600, and common stock of $52,400. During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, and paid a $2,000 cash dividend to the stockholders.

Assets 23,000, liability 11,000, retained earn-4,500, what is capital stock [ 6 Answers ]

In the expanded accounting equation, if assets aqre 23,000, liabailities 11,000, retained earnings are 4,500, how much is capital stock, and how do you compute the answer?

View more questions Search