For a recent year, Target Corporation reported revenue of $65,786 million. Its gross profit was $20,061 million.

Question:

For a recent year, Target Corporation reported revenue of $65,786 million. Its gross profit was $20,061 million. What was the amount of Target’s cost of merchandise sold?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...