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Olenka [21]
3 years ago
6

For a recent year, TechMart reported sales of $36,241 million. Its gross profit was $9,785 million. What was the amount of TechM

art's cost of goods sold? (Enter answer in millions.)
Business
1 answer:
nydimaria [60]3 years ago
8 0

Answer:

$26,456 million.

Explanation:

The formula to calculate the gross profit is:

Gross profit=Sales-cost of goods sold

Using this formula we can calculate the cost of goods sold as we have the information about the gross profit and the sales:

Cost of goods sold=Sales-Gross profit

Cost of goods sold=$36,241-$9,785

Cost of goods sold=$26,456

According to this, TechMart's cost of goods sold was $26,456 million.

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Answer:

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