A company has sales of $375,000 and its gross profit is $157,500. its cost of goods sold equals:

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Kaylee9256 Kaylee9256

10-11-2017
Business

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A company has sales of $375,000 and its gross profit is $157,500. its cost of goods sold equals:

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andriansp andriansp · Answer 1 · 2017-11-21T06:44:34+01:00

andriansp andriansp

21-11-2017

The cost of goods sold equals: $217,500.

Total sales - Cost of goods sold = Gross profit

$ 375,000 - Cost of Goods sold = $ 157,500

Cost of Goods sold = $ 375,000 - $ 157,500

Cost of Good sold = $ 217,500

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