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At month-end, the cost of merchandise sold is $192,150, and the gross profit is $168,190. Determine sales for the month.

A. $360,340
B. $23,960
C. $168,190

Answer :

The total sales for the month is $360,340 when cost of merchandise sold is $192,150 and gross profit is $168,190.

What is the total sale made in the month?

Given the parameters in the question:

The cost of merchandise sold at month-end = $192,150

Gross profit made = $168,190

Total sales = ?

To determine the sales for the month, we add both the cost of merchandise sold and the gross profit.

Sales = Cost of Merchandise Sold + Gross Profit

Plug in the values:

Sales = $192,150 + $168,190

Sales = $360,340

Therefore, the total sales is $360,340.

Option A)$360,340 is the correct answer.

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