What was the stores gross profit percentage


Question:

Bad Boy Sporting Goods sells sports equipment retail.

Item    Amount
Inventory, April 1st       7500
Inventory, April 30th     6000
Purchases during April 12000

Sales Revenue            35000

Based upon the inventory, purchase and Sales Revenue, what was the store's gross profit percentage? Please describe the answer in detail.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What was the stores gross profit percentage
Reference No:- TGS01925762

Now Priced at $20 (50% Discount)

Recommended (90%)

Rated (4.3/5)