Financial information is presented below: $$\begin{array} { l r }
\text { Operating expenses } & \$ 36,000 \
\text { Sales revenue } & 150,000 \
\text { Cost of goods sold } & 105,000
\end{array}$$ Gross profit would be
A) $114,000.
B) $ 36,000.
C) $ 45,000.
D) $ 24,000.

Question

Financial information is presented below: $$\begin{array} { l r } 
\text { Operating expenses } & \$ 36,000 \
\text { Sales revenue } & 150,000 \
\text { Cost of goods sold } & 105,000
\end{array}$$ Gross profit would be
A) $114,000.
B) $ 36,000.
C) $ 45,000.
D) $ 24,000.

Quizplus · Accepted Answer

Gross profit is calculated as Sales Revenue minus Cost of Goods Sold. Therefore, $150,000 - $105,000 = $45,000.

Financial Information Is Presented Below Gross Profit Would Be A) $114,000

Financial Information Is Presented Below Gross Profit Would Be
A) $114,000