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Math Help - margin economics

  1. #1
    Newbie
    Joined
    Sep 2008
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    9

    margin economics

    a store has retail sales of 278,960 for the first 6 months. the cost of goods sold during that time was 160000. what will be the gross margin percent?
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  2. #2
    Junior Member
    Joined
    Aug 2008
    Posts
    34
    1/10 = 10%

    2/3 = 66%

    ya catch my drift

    Just find the percentage
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  3. #3
    Newbie
    Joined
    Sep 2008
    Posts
    9

    help

    um no ...find the percentage of what? she gave us this chart
    $ %
    Net sales ? 100%

    -cost of goods sold 486,000 51%
    = Gross margin ? 49.5%
    - operating expenses 225000 ?
    = profit/loss ? ?

    see the way she taught it it seemed like you always needed to know net sales, but if its not given to me how am I suppose to find it?
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