Determining Gross Profit During the current year, merchandise is sold for $833,000. The cost of the goods sold is $458,150. a. What is the amount of the gross profit? b. Compute the gross profit percent. Round to the nearest whole number % c. Which of the following is true, based on the above information? Determining cost of goods sold For a recent year, Target Corporation (TGT) reported revenue of $39,760 million. Its gross profit was $11,133 million. What was the amount of Target's cost of goods sold? million Determining Gross Profit During the current year, merchandise is sold for $833,000. The cost of the goods sold is $458,150. a. What is the amount of the gross profit? b. Compute the gross profit percent. Round to the nearest whole number % c. Which of the following is true, based on the above information? Determining cost of goods sold For a recent year, Target Corporation (TGT) reported revenue of $39,760 million. Its gross profit was $11,133 million. What was the amount of Target's cost of goods sold? million