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

Algebra ->  Customizable Word Problem Solvers  -> Misc -> 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      Log On

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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) About Me  (Show Source):
You can put this solution on YOUR website!
%28%28sales-cost%29%2Fcost%29%2A100percent --------------> working eqn
Profit of Ziehart Pharm:
%28%28178000-58000%29%2F58000%29%2A100
%28120000%2F58000%29%2A100
2.07%2A100
207% ---------------------------> gross profit Ziehart Pharm.
Profit of Candy Electronics:
%28%2826200-36000%29%2F26200%29%2A100
%289800%2F26200%29%2A100
0.374%2A100
37.4% -------------------------> gros profit Candy Electr.
thank you,
Jojo