Tomas briggs and sons reviewed their first year operations. gross sales were $204,000 customer returns and allowances were $18,000 the cost of the merchandise they sold was $90,000 first-year expenses were $84,000 the overall profit before taxes was $12,000 represent the following in percentages: total net sales in dollars were the cost of the merchandise sold was first-year expenses were overall profit was don't forget how to calculate net sales!

Percentage of total net sales = 91.17%

The percentage of cost of merchandise sold = 44.11 %

Percentage of First year expenses = 41.17 %

Percentage of Overall profit = 5.88 %

Step-by-step explanation:

Given:

Gross sales= $204,000

Customer returns and allowances = $18,000

Cost of the merchandise they sold = $90,000

overall profit before taxes = $12,000

Now,

The Net sales = Gross sales - sales returns  

or

The net sales = $204,000 - $18,000 = $186,000

Thus,

Percentage of total net sales =

or

Percentage of total net sales =

or

Percentage of total net sales = 91.17%

Now,

The percentage of cost of merchandise sold =

or

The percentage of cost of merchandise sold =

or

The percentage of cost of merchandise sold = 44.11 %

And,

Percentage of First year expenses =

or

Percentage of First year expenses =

or

Percentage of First year expenses = 41.17 %

also,

Percentage of Overall profit =

or

Percentage of Overall profit =

or

Percentage of Overall profit = 5.88 %

its adding 5.5 each time

step-by-step explanation:

explanation:

step-by-step explanation: