Orchard supply had gross sales revenue of 1500000 cost of


Question - Orchard Supply had gross sales revenue of $1,500,000, cost of goods sold of $750,000, sales returns and allowances of $32,500, and allowed sales discounts of $10,000.

Compute for the year:

A. NET SALES

B. GROSS PROFIT

C. GROSS PROFIT RATE

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Accounting Basics: Orchard supply had gross sales revenue of 1500000 cost of
Reference No:- TGS02886628

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