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A Company Has Sales of $2,530,000,sales Discounts of $200,000,sales Returns

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A company has sales of $2,530,000,sales discounts of $200,000,sales returns and allowances of $323,000,shipping charges of $115,000,sales commissions of $234,000,net income of $863,500,and cost of goods sold of $1,012,000.What is the gross profit/margin ratio?


Definitions:

Corpor/e

A term referring to the body as a whole or to a body or bodily part; in medical terms, it often relates to the main part of a structure.

Cholesterol

A waxy substance found in the blood and in all your cells, which is vital for producing hormones, vitamin D, and bile for digestion.

Bloodstream

The flowing blood within the circulatory system of the body.

Lipoprotein

A molecule consisting of protein and fat, which transports fats in the blood and lymphatic system.

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