Posted: February 20th, 2017
Solve the problem. Express answers as a percent rounded to the nearest tenth.
The Garden Shop had a cost of goods sold of $108,000, operating expenses of $49,000, and net sales of $272,000. Find the cost of goods sold percent of net sales and operating expenses percent of net sales.
cost of goods sold percent of net sales: 39.7%, operating expenses percent of net sales: 21.7%
cost of goods sold percent of net sales: 21.7%, operating expenses percent of net sales: 39.7%
cost of goods sold percent of net sales: 18.0%, operating expenses percent of net sales: 39.7%
cost of goods sold percent of net sales: 39.7%, operating expenses percent of net sales: 18.0%
Question 7
Solve the problem. Express answers as a percent rounded to the nearest tenth.
Speedy Cleaning Service had a cost of beginning inventory of $40,000, net sales of $222,000, and gross sales of $401,000. Find the beginning inventory percent of net sales and gross sales percent of net sales.
beginning inventory percent of net sales: 180.6%, gross sales percent of net sales: 18.0%
beginning inventory percent of net sales: 18.0%, gross sales percent of net sales: 180.6%
beginning inventory percent of net sales: 65.3%, gross sales percent of net sales: 18.0%
beginning inventory percent of net sales: 18.0%, gross sales percent of net sales: 65.3%
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