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a. $650,000
b. $130,000
c. $26,000
d. $520,000
Option D is the right answer.
in my point of view option D is the correct answer of this question d. $,
Answer is D. $520,000.00 ($650,000.00 x80%)
Gross Margin = Sales - Cost of goods sold
When GM is20%, CGS is80% of sale.
80% of650 K =520 K
Answer: D
$650000×80/100=520000. So option D
Option (D) $520,000...................!!!!
d. $520,000 ===============
cost of goods sold = sale less gross profit ie, $(-)/ = $ option D
From merchandiser’s income statement you know that Sales revenue is $, and the gross margin is%. What is the cost of Goods Sold? d. $,