A business has the following balances: Sales revenue $312,000: Sales returns and discounts $2,000: Sales discounts $4,000:

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A business has the following balances:

Sales revenue $312,000:

Sales returns and discounts $2,000:

Sales discounts $4,000:

Cost of goods sold $184,000:

Operating expenses $84,000.

How much is the profit margin?

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

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Posted Date: Aug 01, 2023 07:31 AM

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A business has the following balances: Sales revenue $312,000: Sales returns and discounts $2,000: Sales discounts $4,000:

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To calculate the profit margin we first need to calculate the gross profit and then use it to f... View the full answer

Advanced Accounting

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