Gross profit/margin, discounts of $115,000, sales returns

Gross profit/margin

Reference no: EM13913698

A company has sales of $1,630,000, sales

discounts of $115,000, sales returns and allowances of $136,000, shipping charges of $28,000, sales commissions of $47,000, net income of $276,500, and cost of goods sold of $433,000. What is the gross profit/margin for the period

Reference no: EM13913698

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Gross profit/margin : discounts of $115,000, sales returns and allowances of $136,000, shipping charges of $28,000, sales commissions of $47,000, net income of $276,500, and cost of goods sold of $433,000. What is the gross profit/margin for the period

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