How much is the cost of goods sold

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Q1. A store paid 12,000 as part of the operating expenses summed to 20% of the sales for the period while the required net profit of the business is set to 10% of the sales. If they sold 600 units of their product; How much is the cost of goods sold?

2. A store paid 12,000 as part of the operating expenses summed to 20% of the sales for the period while the required net profit of the business is set to 10% of the sales. If they sold 600 units of their product; How much was the selling price per unit?

3. A store paid 12,000 as part of the operating expenses summed to 20% of the sales for the period while the required net profit of the business is set to 10% of the sales. If they sold 600 units of their product; How much is the gross income?

Reference no: EM133065678

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