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Driver company had 24000 beginning inventory and 27000

Question - Driver Company had $24,000 beginning inventory and $27,000 ending inventory. Net sales were $178,000; purchases, $75,000; purchase returns and allowances, $3,000; and freight in, $6,000. Cost of goods sold for the period is $75,000.

What is Driver gross profit percentage (rounded to the nearest percentage)?

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Accounting Basics: Driver company had 24000 beginning inventory and 27000

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Accounting Basics: Driver company had 24000 beginning inventory and 27000

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