Last season we have bought 6500 pairs of Brand A sport shoes for sales The sold quantity of Brand A sport shoes is 4000 pairs total net sales amount is $2000000 with gross profitGP $1000000 WHat is th

The cost of goods sold (COGS) can be calculated using the gross profit formula:

GP = Net Sales - COGS

Rearranging the formula:

COGS = Net Sales - GP

Substituting the given values:

COGS = $2,000,000 - $1,000,000 COGS = $1,000,000

To find the cost of Brand A sport shoes sold quantity, we need to calculate the cost per pair:

Cost per pair = Total cost / Number of pairs

Total cost = Number of pairs * Cost per pair

Number of pairs sold = 4,000

Number of pairs purchased = 6,500

Cost per pair = Total cost / Number of pairs purchased

Total cost = Cost per pair * Number of pairs sold

Cost per pair = COGS / Number of pairs purchased

Substituting the given values:

Cost per pair = $1,000,000 / 6,500 Cost per pair = $153.85

Total cost of Brand A sport shoes sold qty = Cost per pair * Number of pairs sold

Total cost of Brand A sport shoes sold qty = $153.85 * 4,000

Total cost of Brand A sport shoes sold qty = $615,400

Therefore, the total cost of Brand A sport shoes sold quantity is $615,400.