Question

A company has net sales of $126,000, cost of goods sold of $72,000
, operating expenses of $38,000, and other expenses of $3,000. Approximately what is the company's gross profit percentage?

Answer 1

38000 + 3000 + 72000 = 113000.
126000 - 113000 = 13000.
13000/126000 x 100 = 10.32%
So, the company's gross profit percentage is 10.32%.



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