A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:

1 answer:

Elena-2011 [213]3 years ago

7 0

Revenue = $752,800
Cost of goods sold = $301,800

To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000

The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.

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