Question: Use the following chart for an appliance store. Express the item as a percent of net sales, and then find the appropriate average percent.

Use the following chart for an appliance store. Express the item as a percent of net sales, and then find the

Use the following chart for an appliance store. Express the item as a percent of net sales, and then find the appropriate average percent. Round to the nearest tenth of a percent. Average Percent Amount Percent Net Sales $837,000 Cost of Goods Sold $592,000 Gross Profit $245,000 Net Income $64,500 Find the percent of Cost of Goods Sold.

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