Question

The Garden Shop had a cost of goods sold of $108,000, operating expenses of $40,000, and net sales of $210,000. Find the cost of goods sold percent of net sales and operating expenses percent of net sales.

Answer 1

Answer:

Percentage of good sales is 51.42 %

And operating expense percent is 19.04 %

Explanation:

We have given cost of goods sold = $108000

Operating expense = $40000

And net sales = $210000

We have to find the cost of goods sold percent of net sales

So percentage of goods sales $=\frac{cost\ of\ goods\ sold}{net\ sales}=\frac{108000}{210000}=0.5142$ = 51.42 %

And operating expenses of net sales $=\frac{operating\ expense}{net\ sales}=\frac{40000}{210000}=0.1904$ = 19.04 %