Question: Bennett Inc had net sales of 206 000 and cost of

Bennett, Inc., had net sales of $206,000 and cost of goods sold of $124,000 in 2010, net sales of $252,000 and cost of goods sold of $153,000 in 2011, and net sales of $307,000 and cost of goods sold of $186,000 in 2012.
1. Find the percentage of increase in net sales from 2010 to 2011 and from 2011 to 2012.
2. Find the percentage of increase in gross profit from 2010 to 2011 and from 2011 to 2012.


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  • CreatedApril 29, 2014
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