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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
Herman Appliance buys and sells refrigerators. Herman starts the year with an inventory of $20,000. During the year, Herman buys refrigerators totaling $182,000. At year-end, Herman takes inventory and finds that he has $28,000 of refrigerators on hand. During the year, Herman's sales revenue was $256,000. What was Herman's gross profit on the sales for the year?
      a.   $54,000
      b.   $66,000
      c.   $74,000
      d.   $82,000
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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