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What will be the amount of net sales for the first quarter

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Question - For the first quarter, The buenaflor corporation has sales of 2,875,000 and cost of goods amounting to 980,500. The expenses are as follows: salaries and wages 650,870, rent 240,000, light and water bills 118,785.50, miscellaneous expenses 47,675.50. Unfortunately, there were defective merchandise sold and an amount of 55,870 was refunded.

What will be the amount of net sales for the first quarter?

What the amount of gross profit for the first quarter?

What the company first quarter net profit?

Reference no: EM132713175

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