Furniture Wholesale, Inc, had net sales of $215,000 and cost of goods sold of S1
ID: 2599428 • Letter: F
Question
Furniture Wholesale, Inc, had net sales of $215,000 and cost of goods sold of S124,000 in 2014, net sales of $299,000 and cost of goods sold of 5170,000 in 2015, and net sales of 5325,000 and cost of goods sold of 5193,000 in 2016. Round answers to the nearest tenth of a percent 1. Find the percent net sales from 2014 to 2015 and from 2015 to 2016 2. Find the percentage of Increase in gross profit from 2014 to 2015 and from 2015 to 2016. ags of increase in Compute the percentage of increase in net sales and gross profit from 2014 to 2015 and from 2015 to 2016 Begin by selecting the omula to celo late the percentage of increase and then compute the percentage of increase or net sales and gross profit ). Round he percentages to the nearest tenth of a percent. XX% Year 1 amountYear 1 amount x 100Percentage change ( Year 2 amount ( Net sales 2014-2015 Net sales 2015-2016 GP 2014-2015 GP 2015-2016 100 x 100Explanation / Answer
Compute percentage :
Year 2 amount - Year 1 amount / Year 1 amount * 100 = Percentage amount net sales 2014-2015 299000 - 215000 / 215000 * 100 = 39.07% Net sales 2015-2016 325000 - 299000 / 299000 * 100 = 8.70% GP 2014-2015 129000 - 91000 / 91000 * 100 = 41.76% GP 2015-2016 132000 - 129000 / 129000 * 100 = 2.33%Related Questions
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