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The Garden Shop had a cost of goods sold of $108,000, operating expenses of $40,000, and net sales of $210,000. Find the cost of goods sold percent of net sales and operating expenses percent of net sales.

Respuesta :

Answer:

Percentage of good sales is 51.42 %

And operating expense percent is 19.04 %

Explanation:

We have given cost of goods sold = $108000

Operating expense = $40000

And net sales = $210000

We have to find the cost of goods sold percent of net sales

So percentage of goods sales [tex]=\frac{cost\ of\ goods\ sold}{net\ sales}=\frac{108000}{210000}=0.5142[/tex] = 51.42 %

And operating expenses of net sales [tex]=\frac{operating\ expense}{net\ sales}=\frac{40000}{210000}=0.1904[/tex] = 19.04 %

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