how to calculate this problem. help.
A company has a sales revenue of $500,000, cost of goods sold of $380,000 & operating expense of $60,000. Calculate gross profit. I know the formula is net sales-cost of goods sold but i dont know where i can get the net sales(sales-sales discount).
A company has a sales revenue of $500,000, cost of goods sold of $380,000 & operating expense of $60,000. Calculate gross profit. I know the formula is net sales-cost of goods sold but i dont know where i can get the net sales(sales-sales discount).