accounting question 8

User Generated

xfhtenq2014

Business Finance

Description

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/pXTqhfn

please include all work/how you got the answer. it will help me with future problems

thanks in advance

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

cost =21500 

discount=430 +

freight = 745

Net cost= 21500+315 = 21815

Sales = 31650

Freight =1150

Gross margin =31650-21815-1150 =8685 

Answer: $8,685


Anonymous
Just the thing I needed, saved me a lot of time.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags