Q1) For month of February, 2009, Randy's Spa Supplies had total sales revenue of $92,600. Sales returns were $3,450. Sales discounts totaled $765. Cost of goods sold for business was $72,338.
1. Determine Net Sales for Randy's Spa Supplies in February?
2. Compute Gross Profit for Randy's Spa Supplies in February?
3. Determine Gross Profit rate for Randy's Spa Supplies in February?