Plz plz urgent accounting advice needed?
Question:
Answer:
it depends on your cost of goods sold you need to subtract your sales price from your goods actually sold. this equalls your gain. we need to know the price of the sale. 300-190= your c.o.g.s is 110 now how much cash did you receive when you sold it. Sale-110=Profit
$60
or 55%
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