객관식
If a company submits a bid with expected net sales of \$50,000 and estimated costs of \$42,500, what is the expected profit for this bid (to 2 decimals)?
154
views
4. Merchandising Operations
Net Sales
객관식
If a company has net sales of \$50 and the cost of goods sold is \$35, what is the gross profit?
A
\$15
B
\$85
C
\$50
D
\$35
검증된 단계별 안내1
Understand the concept of gross profit: Gross profit is calculated by subtracting the cost of goods sold (COGS) from net sales. It represents the profit a company makes after deducting the direct costs associated with producing its goods or services.
Identify the given values in the problem: Net sales are \$50, and the cost of goods sold (COGS) is \$35.
Write the formula for gross profit: Gross Profit = Net Sales - Cost of Goods Sold.
Substitute the given values into the formula: Gross Profit = \(50 - \)35.
Perform the subtraction to determine the gross profit. The result will represent the company's gross profit.
