The selling price of a television is $2,000 and the cost to the retailer is $725. . What is the retailer's gross profit from the sale of the television? A. $2,000 B. $725 C. $1,275 D. $0
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The selling price of a television is $2,000 and the cost to the retailer is $725. . What is the retailer's gross profit from the sale of the television?
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- Retailer X buys a product at $1.75 per unit and plans to sell the item for $3.29 per unit. Calculate the Margin on an (A) COST Basis or (B) RETAIL basisIf cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.SCC Corporation sells its merchandise at a gross profit of 30%. if the total sales are P 1,200,000 and purchases are P 250,000, How much is the cost of good sold? a. 360,000 b. 590,000 c. 840,000 d. 1,090,000
- Determine the total value of the merchandise using net realizable value. Selling Price Item Doll Quantity 10 Commission $2 $7 Horse )a. $80 b. $115 c. $35 )d. $25The details of a Retail Merchandise business are: Sales revenues are RO 80,000 cost of goods sold is RO 30,000 and Total Selling expenses are RO 40,000, Interest revenue RO 500 and Interest expense RO 300. What will be the Net Profit assuming that the business uses Simple step income statement? a. 10,200 b. 9,900 c. 10,000 d. 10,100What is the cost of goods sold? O A. $751,700 OB. $364,500 O C. $455,400 O D. $520,600
- Snyder’s total cost of goods available for sale would be:a. $2,000.b. $7,200.c. $8,000.d. $9,200.Snyder’s cost of goods sold using the LIFO method would be:a. $7,200.b. $7,400.c. $7,475.d. $7,700.A retailer pays on credit for $650 worth of inventory, terms 3/10, n/40. If the merchandiser pays within the discount window, how much will the retailer remit in cash to the manufacturer? A. $19.50 B. $630.50 C. $650 D. $195
- Question 28 Use the following information to calculate figures in the table below. Manufacturer: S 60 net selling price. Marks up (Wholesaler: $ 20, Retailer: $ 40) Applicable VAT: 30% Calculation Manufacturer Wholesaler Retailer Customer Net VAT paid by the Manufacturer is: Net cost of sales Mark up Net selling price S 60 S 80 $ 120 VAT chargeable (309%) Gross selling price Accounting for VAT Due to Customs and Excise Recoverable from Customs and Excise subtract) Net VAT Paid by23-A wholesaler sold merchandise inventory with in invoice price RO 16,000 to the customer of business and credit terms are 3/10, n/60. What is the net cost of the goods sold assuming that if the retailer made the payment within the discount period? a. RO 16,000 b. RO 480 c. RO 14,400 d. RO 15,520ABC Merchandising buys merchandise costing P35,000 and returns P10,000 cost of the merchandise. If the term is 2/10, n/30 and the company pays the discount period, how much it should pay the seller? O a. P34,300 O b. P24,500 O c. P21,250 O d. P25,000