In 2008, Doolan Company sold 10,000 unitsof inventory at twice their purchase price of $27 50 each In 2009, Doolan had a gross prot of $200,000 and cost of goods sold of $225,000 Required (a) What were Doolans sales in 2008 (b) What was Doolans gross prot in 2008 (c) What were Doolans sales in 2009...

a Revenue per unit 2 x cost per unit Revenue per unit ...

In 2008, Doolan Company sold 10,000 unitsof inventory at twice their purchase price of $27.50 each. In

Question:

In 2008, Doolan Company sold 10,000 unitsof inventory at twice their purchase price of $27.50 each. In 2009, Doolan had a gross proﬁt of $200,000 and cost of goods sold of $225,000.
Required:
(a) What were Doolan’s sales in 2008?
(b) What was Doolan’s gross proﬁt in 2008?
(c) What were Doolan’s sales in 2009?
(d) What was Doolan’s gross proﬁt percentage in 2009?