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Required information Skip to question [The following information applies to the questions displayed below.] The following data were provided by Mystery Incorporated for the year
Required information
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[The following information applies to the questions displayed below.]
The following data were provided by Mystery Incorporated for the year ended December 31:
Cost of Goods Sold | $ 156,000 |
---|---|
Income Tax Expense | 15,120 |
Merchandise Sales (gross revenue) for Cash | 222,000 |
Merchandise Sales (gross revenue) on Credit | 38,400 |
Office Expense | 18,100 |
Sales Returns and Allowances | 6,510 |
Salaries and Wages Expense | 36,600 |
2-a. What was the dollar amount of gross profit?
2-b. What was the gross profit percentage? (Round your percentage to 1 decimal place.) the gross profit is not 55.28
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