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3. $ % 100.00% 100.00 For Problems 2 and 3, complete the P&L Statements using the following information: 2. $ Net Sales $175,000.00 Cost of

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3. $ % 100.00% 100.00 For Problems 2 and 3, complete the P&L Statements using the following information: 2. $ Net Sales $175,000.00 Cost of Merch Sold Gross Margin Expenses Net Profit 50.00% Net Sales Cost of Merch Sold Gross Margin Expenses Net Profit $90,000.00 45.00% 45.00% 7.50%

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