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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question - orchard supply had gross sales revenue of 1500000 cost of goods sold of 750000 sales returns and allowances
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