The total tax is $0.90
Profit is 100% on cost price of product.
Sales = Cost of goods sold / 75% Sales = 100000 / .75 Sales = 133333 Prove sales = 133333 Less CGS = 100000 Gross profit = 33333 (25% of sales)
How about 13.40
Glenn Andrews recently bought a new motorbike for $3,950. If he had to pay 6 percent sales tax on the bike, what was the total cost of the bike? Glenn Andrews recently bought a new motorbike for $3,950. If he had to pay 6 percent sales tax on the bike, what was the total cost of the bike? So what's the anwser?? anwser is 4,187
There is no difference between the cost of goods sold and cost of sales. Both are same.What if Cost of Sales relates to a service rather than a "good"? Does that not signify a difference? For example a cost of sales for a service would contain no starting and finishing inventory component as is described in some texts as a way of calculating cost of goods sold.
$99.87
25 % on sales means 1/4 th of sales n gross profit on cost will be 1/3 .
280.00
900$ us
27.63
Divide Sales Price by 200% (ie 2). So cost is half of sales price.
The total tax is $400.80
If the sales tax would equal 140.00/100 X 7.5. This equals 10.50
64.79 (A+)
$38.6841 or $38.68 (A+)
It will cost you $52.68
The cost is $16.84