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irina1246 [14]
3 years ago
9

The customer returns for the Fall season were 10% on gross sales of $900,000. For the Spring season, gross sales were $850,000,

and customer returns were $70,000. What was the percentage of customer returns for the entire year
Business
1 answer:
antoniya [11.8K]3 years ago
6 0

Answer:

the percentage of customer returns for the entire year is 9.14%

Explanation:

The computation of the percentage of the customer returns for the entire year is as follows;

= Total customer returns ÷ Total gross sales

= ($900,000× 10% + $70,000) ÷ ($900,000 + $850,000)

= ($90,000 + $70,000) ÷ ($1,750,000)

= 9.14%

Hence, the percentage of customer returns for the entire year is 9.14%

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