Question

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.

Answer 1

Percentage of good sales is 51.42 %

And operating expense percent is 19.04 %

Step-by-step 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
`=(cost\ of\ goods\ sold)/(net\ sales)=(108000)/(210000)=0.5142` = 51.42 %

And operating expenses of net sales
`=(operating\ expense)/(net\ sales)=(40000)/(210000)=0.1904` = 19.04 %