A manager has a simplified profit-and-loss statement that indicates that sales for the last quarter were $120 000, cost of goods sold was $35 000, and expenses were:
salaries = $10 000, rent = $3000, and supplies = $3000. Calculate the net profit.

Question

A manager has a simplified profit-and-loss statement that indicates that sales for the last quarter were $120 000, cost of goods sold was $35 000, and expenses were: 
salaries = $10 000, rent = $3000, and supplies = $3000. Calculate the net profit.

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The Answer of A manager has a simplified profit-and-loss statement that indicates that sales for the last quarter were $120 000, cost of goods sold was $35 000, and expenses were: 
salaries = $10 000, rent = $3000, and supplies = $3000. Calculate the net profit.

A Manager Has a Simplified Profit-And-Loss Statement That Indicates That