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In analyzing the income statement of Bob Company, you see that cost of goods sold decreased from 2016 to 2017 by 8.2%. The cost of goods sold was $19,000 in 2016. The cost of goods sold to the nearest

cent in 2017 was

A. $18,652.00.

B. $20,679.71.

C. $19,769.17.

D. $17,442.00.

Respuesta :

D. $17,442.0 is your answer hopes dis helps

Answer:

D. $ 17,442.00

Step-by-step explanation:

Given,

The cost of goods sold in 2016 = $ 19,000,

Also, it decreased from 2016 to 2017 by 8.2%,

Thus, the total decrement in cost = 8.2 % of the cost in 2016

= 8.2 % of $ 19,000

[tex]=\frac{8.2\times 19000}{100}[/tex]

[tex]=\frac{155800}{100}[/tex]

[tex]=\$ 1,558[/tex]

Hence, the cost of goods sold in 2017 = Its cost in 2016 - Decrement

= $ 19,000 - $ 1,558

= $ 17,442.00

Option D is correct.

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