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A company had a gross profit of $300,000 based on sales of $400,000. Its cost of goods sold equals $700,000 is this true or false?

A company had a gross profit of $300,000 based on sales of $400,000. Its cost of goods sold equals $700,000 is this true or false?
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2 votes
A company had a gross profit of $300,000 based on sales of $400,000. Its cost of goods sold equals $700,000 is this true or false?

User Satomi
by
7.9k points

1 Answer

5 votes

Answer:

false

Explanation:

User Ajrlewis
by
8.0k points
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