How much is net sales

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Question 1 - Net Income is $32,400. Administrative expenses are $11,800 and selling expenses are $7,200. Cost of merchandise sold is $61,100. How much is gross profit?

Question 2 - Net income is $44,400. Administrative expenses are $5,500 and selling expenses are $3,700. Cost of merchandise sold is $27,800. How much is sales assuming no returns or discounts?

Question 3 - Sales is $87,500. Sales discounts is $4,600. Sales returns is $6,100. Cost of merchandise sold is $42,300. How much is net sales?

Reference no: EM132478907

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