During October, 2020, Blondie's Catering Company generated sales revenue of $15,000. Sales discounts totaled $240 for the month. Expenses were as follows: Cost of goods sold of $7,900 and operating expenses of $2,600. What is the company's gross profit for the month?

Question

Quizplus · Accepted Answer

The Answer of During October, 2020, Blondie's Catering Company generated sales revenue of $15,000. Sales discounts totaled $240 for the month. Expenses were as follows: Cost of goods sold of $7,900 and operating expenses of $2,600. What is the company's gross profit for the month?

During October, 2020, Blondie's Catering Company Generated Sales Revenue of $15,000