Calculate the Cost of Goods Sold (COGS) and the profit given sales of 100,000 FCFA and COGS is 80% of sales. Then, calculate the margin rate.

Welcome back senobiashanyuy — been a while! Let's pick up where you left off. Question 39: Step 1: Calculate the Cost of Goods Sold (COGS). The Cost of Goods Sold is 80% of the sales. COGS = 0.80 × Sales COGS = 0.80 × 100,000 FCFA COGS = 80,000 FCFA Step 2: Calculate the amount of profit. Profit is calculated as Sales minus Cost of Goods Sold. Profit = Sales - COGS Profit = 100,000 FCFA - 80,000 FCFA Profit = 20,000 FCFA The correct option is B. The amount of profit is B. 20,000 FCFA. Question 40: Step 1: Determine the margin rate. The margin rate (or gross profit margin) is calculated as Profit divided by Sales, expressed as a percentage. Margin Rate = ProfitSales × 100\% Using the profit from Question 39: Margin Rate = 20,000 FCFA100,000 FCFA × 100\% Margin Rate = 0.20 × 100\% Margin Rate = 20\% The correct option is B. The margin rate is B. 20\%. Send me the next one 📸