Sales was D12,500, total expenses was D2,500 and net profit is 10% of sales what is the gross profit? net profit = 0.1 x 12500 = 1250 gross profit = sales -...

Question 1 Report

Sales was D12,500, total expenses was D2,500 and net profit is 10% of sales what is the gross profit?

net profit = 0.1 x 12500 = 1250

gross profit = sales - cogs

net profit = gross profit - expenses

1250 + 2500