Answer:
Particulars Amount Amount Amount Amount
$ $ $ $
Sales 150,000 550,000 38,700 255,700
Less: Sales Discount 5,000 17,500 600 4,800
Less: Sales return & 20,000 6,000 5,100 900
allowances
Net Sales 125,000 526,000 33,000 250,000
Less: Cost of goods 79,750 329,589 24,453 126,500
sold
Gross Profits <u>45,250 196,911 8,547 123,500</u>
Gross margin ratio <u>36.20% 37.40% 25.90% 49.40%</u>
Note: Gross Margin ratio is derived by (Net Sales - Cost of Goods) / Net sales * 100