Using the information given below, calculate the Gross Profit Margin for all the 3 years Particulars 2019 2018 2017 No of units sold 214,000 160,000 100,000 Cost of Goods Sold $ 230,400 $ 178,560 $ 113,600 Net Sales $ 314,700 $ 248,000 $ 160,000 a 29 60 for 2019 28 80 for 2018 and 27 00 for 2017 b 26 80 for 2019 28 00 for 2018 and 29 00 for 2017 c 28 60 for 2019 29 00 for 2018 and 27 80 for 2017 d 26 80 for 2019 29 00 for 2018 and 28 00 for 2017 On July 25th, MEC purchased 20 items for $ 1200 On Aug 5th, 18 items were sold for $ 1500 Then, the cost of goods sold that should be recognized on Aug 5th would be a $ 1080 b $ 1500 c none of these d $ 1200

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Question: Using the information given below, calculate the Gross Profit Margin for all the 3 years Particulars 2019 2018 2017 No. of units sold 214,000 160,000

Using the information given below, calculate the Gross Profit Margin for all the 3 years

Particulars	2019	2018	2017
No. of units sold	214,000	160,000	100,000
Cost of Goods Sold	$ 230,400	$ 178,560	$ 113,600
Net Sales	$ 314,700	$ 248,000	$ 160,000

a	29.60% for 2019; 28.80% for 2018 and 27.00% for 2017
b	26.80% for 2019; 28.00% for 2018 and 29.00% for 2017
c	28.60% for 2019; 29.00% for 2018 and 27.80% for 2017
d	26.80% for 2019; 29.00% for 2018 and 28.00% for 2017

On July 25th, MEC purchased 20 items for $ 1200. On Aug 5th, 18 items were sold for $ 1500. Then, the cost of goods sold that should be recognized on Aug 5th would be

a	$ 1080
b	$ 1500
c	none of these
d	$ 1200

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