Essay
OakHart,Inc.,the maker of widgets and whatnots,made merchandise costing $145,500 and sold it on credit to MapleHeart for $405,000 with terms 2/10,n/30.Some of the merchandise differed from what MapleHeart had ordered,so OakHart agreed to give an allowance of $10,000.MapleHeart satisfied the remaining balance by paying within the discount period.What is OakHart's gross profit percentage?
Correct Answer:
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37.6%
Net Sales = 405,000 - 10...View Answer
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Correct Answer:
Verified
Net Sales = 405,000 - 10...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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