Your revenue is $27,438 for the month and your gross margin was 72%. Your operating expenses were $14,023. What
was your profit?
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Ответ:
Net profit for the month is $5,732
Explanation:
Given
Sales revenue = 27438
Gross margin = 72%
Operating expenses = 14023
Calculation of Cost of goods sold
Gross margin = (Total sales revenue - COGS)/ Total sales revenue
72%= (27438-COGS)/27438
19755.36 = (27438-COGS)
COGS= $7682.64
Calculation of gross Profit
Gross profit = Sales revenue - Cost of goods sold
=27438 - 7682.64
Gross profit =19755.36
Calculation of net Profit
Net profit = Gross profit - operating expenses
=19755.36 - 14023
=5,732.36
Net profit for the month is $5,732
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