Solution-What was the amount of net sales

What was the amount of net sales

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Reference no: EM13510663

For the fiscal year, sales were $4,125,800, sales discounts were $380,000, sales returns and allowances were $186,750, and the cost of merchandise sold was $2,475,500.

a. What was the amount of net sales?
b. What was the amount of gross profit?

Reference no: EM13510663

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What was the amount of net sales : For the fiscal year, sales were $4,125,800, sales discounts were $380,000, sales returns and allowances were $186,750, and the cost of merchandise sold was $2,475,500.

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What was the amount of net sales : For the fiscal year, sales were $6,750,000, sales discounts were $120,000. sales return and allowances were $900,000, and the cost of merchandise sold was $4,000,000.

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What was the amount of net sales

Reference no: EM13510663

Reference no: EM13510663

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