From merchandiser’s income statement you know that Sales revenue is $ 650,000 and the gross margin is 20%. What is the cost of Goods Sold?

Option D is the right answer.

in my point of view option D is the correct answer of this question d. $,

Answer is D.  $520,000.00 ($650,000.00 x80%)

Yes520000 is right answer after less20% gross margin from sales revenue650000..........==========..===========

Gross Margin = Sales - Cost of goods sold

When GM is20%, CGS is80% of sale.

80% of650 K =520 K

 

Answer: D

 

Agree with previous answers thanks

$650000×80/100=520000. So option D

Option (D) $520,000...................!!!!

d. $520,000 ===============

cost of goods sold = sale  less gross profit ie, $(-)/ = $ option D

From merchandiser’s income statement you know that Sales revenue is $, and the gross margin is%. What is the cost of Goods Sold? d. $,