Question
On August 5, 2024 Patriot Furniture Company shipped 45 computer desks to Brady Furniture, LLC. The cost of each desk was $225 and the total
On August 5, 2024 Patriot Furniture Company shipped 45 computer desks to Brady Furniture, LLC. The cost of each desk was $225 and the total shipping costs for the 45 desks was $850(Patriot paid for the shipping). On December 30, 2024, Brady had sold 35 of the desks and had incurred $600 in advertising costs, $300 in set up costs and earned a 7% commission on all sales. The desks sold for $800 each. Brady Furniture remitted payment to Patriot Furniture on December 31, 2024. Calculate the total gross profit Patriot earned on the sale of the 35 desks. Round all calculations to the nearest dollar.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started