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If the cost of goods sold is 180 000 and the gross profit is 25 percent What would be the sales amount if sales less cost of goods sold equals to gross profit percent?
Wiki User
∙ 13y ago
25 % on sales means 1/4 th of sales
n gross profit on cost will be 1/3 .
Wiki User
∙ 13y ago
Wiki User
∙ 13y ago............
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Cost of goods sold plus gross profit equals?
Cost of goods plus gross profit margin equals to total sales revenue of firm.
What will come when Sales revenues minus the cost of goods sold equals?
profit
When a firm makes a profit by producing enough goods to meet demand without having leftover supply at what point is it?
When a firm makes a profit by producing enough goods to meet demand without having leftover supply the point of profit is where marginal revenue equals marginal cost.
If a shoe company had sales of 24000 and cost of goods sold of 10800 What is the gross profit margin?
The Gross Profit is the amount in excess of the cost of goods sold. To get this we simply take sales $24,000 and subtract $10,800 to find a gross profit of $13,200
How do consumers affect a business?
Consumers can affect a business based on consumptions of goods. The amount of goods that are bought and sold affect the profit and loss of a business.
Net sales minus cost of goods sold?
Net sales - CoGS = Gross Profit Gross Profit - other expenses = Net profit before tax Net profit before tax - tax amount = Net profit after tax
On the income statement net sales minus cost of goods sold equals?
=Profit Margin, but the question to you what if COGS=Sales what this means? or in other words what does it mean having Profit Margin=0?
What is use of the gross profit method assumes a. the amount of gross profit is the same as in prior years. b. sales and cost of goods sold have not changed from previous year?
b
What will be sales if gross profit 25 percent and cost of goods sold -100000?
Sales = Cost of goods sold / 75% Sales = 100000 / .75 Sales = 133333 Prove sales = 133333 Less CGS = 100000 Gross profit = 33333 (25% of sales)
How does one calculate the gross profit?
Gross profit is a pretty simple economic term. Simply, it is the difference between the total amount of sales minus the cost of the goods being sold.
What does gross profit ration tell you about a company's performance during the Year?
The gross profit ration tells you a lot about a company's performance during the year. You are able to tell the amount of goods that have been sold and when you less the profits you will get the net profit.
What is journal entry for goods sold costing Rs40000 to Anil at a profit of 20 percent on sales?
by anil dr -------40000 to sale cr---------40000
