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A company's gross profit rate measures how well the company maximizes its profits in terms of cost and sales.



The gross profit rate,P , is calculated using the formula P= s-c/s, where s is the net sales and c is the cost of goods sold.

Which of the following equations correctly rearranges the formula to SOLVE FOR C, the cost of goods sold?

A)c=P
B)c=-P
C)c=Ps-s
D)c=-Ps+s

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Wolfyy

Answer:

D

Step-by-step explanation:

P = s-c/s

~Multiply s to both sides

Ps = -c + s

~Subtract s to both sides

Ps - s = -c

~Divide -1 to both sides

-ps + s = c

Best of Luck!

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