5. Find the gross margin in dollars when Gross Sales: Cust Returns & Allowances Billed Cost of Goods Freight Charges Cash Discounts $675,000 55,000 275,000 3,750 5% 6. Calculate the net profit or loss in dollars and as a percentage of: $75,000 Net Sales Cost of Goods Sold Operating Expenses 49% 50% 7. Note the following figures: 5% Net Profit Gross Margin Operating Expenses $50,000 $25,000 FIND: A. The Cost of Goods in Dollars and as a Percentage B. The percentage of Operating Expenses C. The Net Sales in Dollars