Calculation of net profit and gross profitfor the month of

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Calculation of net profit and gross profit.

For the month of February, 2009, Randy's Spa Supplies had total sales revenue of $92,600. Sales returns were $3,450. Sales discounts totaled $765. Cost of goods sold for the business was $72,338.

1. What was Net Sales for Randy's Spa Supplies in February? (Show your calculations)

2. What was Gross Profit for Randy's Spa Supplies in February? (Show your calculations)

3. What was the Gross Profit rate for Randy's Spa Supplies in February? (Show your calculations)

Reference no: EM13356213

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