Question

In analyzing the income statement of Bob Company, you see that cost of goods sold decreased from 2016 to 2017 by 8.2%. The cost of goods sold was $19,000 in 2016. The cost of goods sold to the nearest

cent in 2017 was

A. $18,652.00.

B. $20,679.71.

C. $19,769.17.

D. $17,442.00.

Answer 1

D. $17,442.0 is your answer hopes dis helps

Answer 2

D. $ 17,442.00

Explanation:

Given,

The cost of goods sold in 2016 = $ 19,000,

Also, it decreased from 2016 to 2017 by 8.2%,

Thus, the total decrement in cost = 8.2 % of the cost in 2016

= 8.2 % of $ 19,000

`=(8.2* 19000)/(100)`

`=(155800)/(100)`

`=\$ 1,558`

Hence, the cost of goods sold in 2017 = Its cost in 2016 - Decrement

= $ 19,000 - $ 1,558

= $ 17,442.00

Option D is correct.