Fill in the missing sales figures

Exercise and reference answers

Missing parts

1. Answer

   270,500

   Choices

   1. 270,500
   2. 271,500
   3. 269,000

2. Answer

   158,000

   Choices

   1. 165,000
   2. 158,000
   3. 145,500

Complete the statement

Gross sales of $275,000 less $2,500 of sales discounts and $2,000 of returns leaves net sales of ${0}. Taking cost of goods sold of $112,500 off that leaves a gross profit of ${1}.

Instructions

Tap the amount that belongs in each gap.

Explanation