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Calculate cost of goods sold percentage

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Suppose you make beautiful coffee tables out of juniper trees. Your materials cost for each table is $135. You pay your craftsman $25 per hour and it takes him 5 hours to complete one table. If you sell these tables for $689, what is your Cost of Goods Sold Percentage?

What is the Gross Profit Margin on the coffee tables described in question 1 above?

Suppose your company sells a 3 pack of lenses that attach to smart phones to improve the quality of pictures people take. You pay $29.95 for each 3 pack and sell them for $59.95. What is your Cost of Goods Sold Percentage for this item?

Suppose you sell 8,000 of the 3 pack of lenses described in question 3 above in one year. You cost on each 3 pack is $29.95 and you sell them for $59.95. If your operating expenses for the year total $144,080, what are your Net Income and Net Profit Margin Percentage?

Suppose an investor gave you $150,000 to start your business. You gave this investor 50 percent of your company for this investment. Your revenue year one was $479,600; your cost of goods sold was $239,600; and your total operating expenses were $144,080. What ROI will your investor receive this year for his 50 percent ownership in the company?

Reference no: EM133166790

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