Figure 2-3.Bartlow, Inc. had the following income statement for the month of May.
-Refer to Figure 2-3. What was the selling expense percent?
A) 17%
B) 19%
C) 16%
D) no correct answer

Question

Figure 2-3.Bartlow, Inc. had the following income statement for the month of May. 
-Refer to Figure 2-3. What was the selling expense percent?
A) 17% 
B) 19% 
C) 16% 
D) no correct answer

Quizplus · Accepted Answer

To calculate the selling expense percent, we need to divide the selling expenses by net sales and then multiply by 100. 
Selling expense percent = (selling expenses / net sales) x 100
In this case, selling expenses = $10,000 and net sales = $53,000
Selling expense percent = (10,000 / 53,000) x 100 = 18.86%.
So the closest option is B, which is 19%.