Last year, 41 of the sales of the local coffee shop were during breakfast hours. If those breakfast hour sales were 28,500, what were the total sales of the coffee shop for the year? For the problem above, the unknown element is the Base. The formula for finding the Base is Base = Portion X Rate
Indicate whether the statement is true or false
Q. 2Bulk Wholesalers took in 377,800 in sales during July. They started the month with inventory worth 173,800 and spent 299,900 on new purchases during the month. Gross margin on sales was 76. Using the gross profit method, estimate the cost value of the inventory at the end of July.
A) 90,672
B) 383,028
C) 473,700
D) 299,900
Q. 36 out of 8 nurses in the clinic have received a flu shot. What percent of nurses in the clinic have not had their flu shot? The answer to the above problem is 37.5
Indicate whether the statement is true or false
Q. 4The After Five Boutique took in 748,200 in sales during May. They started the month with inventory worth 419,000 and spent 154,800 on new purchases during the month. Gross margin on sales was 40. Using the gross profit method, estimate the cost value of the inventory at the end of June.
A) 385,100
B) 124,880
C) 134,880
D) 724,250
Q. 530 of the graduating class of North College received immediate job offers. If there were 650 graduating students, how many students received job offers? The solution to the problem above is 21.667.
Indicate whether the statement is true or false
Q. 6Extra Manufacturing maintains a gross margin of 30 on all of its merchandise. In March the company had a beginning inventory of 416,800, net purchases of 201,500, and net sales of 660,200. Use the gross profit method to estimate the cost of ending inventory as of March 31.
A) 420,240
B) 569,940
C) 264,080
D) 156,160
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