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Kenny Chesney Inc. provides the following data for the year 2015: Sales Revenue $800,000 Sales Returns and Allowances 2,400 Sales Discounts 1,600 Net Sales Revenue

Kenny Chesney Inc. provides the following data for the year 2015:

Sales Revenue

$800,000

Sales Returns and Allowances

2,400

Sales Discounts

1,600

Net Sales Revenue

$796,000

Cost of Goods Sold

$3,000

On vertical analysis report, the cost of goods sold as a percentage of net sales revenue will amount to ________.

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