For a recent year, Best Buy reported sales of $42,410 million. Its gross profit was $9,690 million. What was the amount of Best Buy's cost of goods sold? (Enter answer in millions.) $ million

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Business

Twinkie

6 June, 11:47

For a recent year, Best Buy reported sales of $42,410 million. Its gross profit was $9,690 million. What was the amount of Best Buy's cost of goods sold? (Enter answer in millions.) $ million

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Petersen · Answer 1

The amount of Best Buy's cost of goods sold was $32,720 million

Explanation:

cost of goods sold = sales - gross profit

= $42,410 million - $9,690 million

= $32,720 million

Therefore, The amount of Best Buy's cost of goods sold was $32,720 million