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Calculate cost of sales

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Question - Calculate cost of sales for each of the following:

a) Goods are sold at a mark-up of 60% on cost. Sales are $400,000

b) Sales are $250,000. Cost of goods sold is 75%

c) 600 pens are sold for $4,500. Profit on each pen is $1.50

d) Sales are $45,000. The margin on sales is 45%

e) Gadget X costs $8 and sells for $12.50. Sales total $6,500

Can you explain to me how to calculate these?

Reference no: EM132003682

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