SOLUTION: Ziehart Pharmaceuticals reported net sales of $178,000 and cost of goods sold of $58,000. Candy Electronics Corp. reported net sales of $36,000 and cost of goods sold of $26,200. C

Question 154184: Ziehart Pharmaceuticals reported net sales of $178,000 and cost of goods sold of $58,000. Candy Electronics Corp. reported net sales of $36,000 and cost of goods sold of $26,200. Calculate the gross profit percentage for both companies. From these calculations, can you determine which company is more successful? Explain.
Answer by jojo14344(1513) (Show Source): You can put this solution on YOUR website!
--------------> working eqn
Profit of Ziehart Pharm:

207% ---------------------------> gross profit Ziehart Pharm.
Profit of Candy Electronics:

37.4% -------------------------> gros profit Candy Electr.
thank you,
Jojo
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