Teanna sells hand-painted wood signs for $30 each. If her cost of producing each sign is $7, which of the following is $23?

Name: Teanna sells hand-painted wood signs for $30 each. If her cost of producing each sign is $7, which of the following is $23?
Brand: Quizplus
Rating: 4.7 (50 reviews)

Question

Quizplus · Accepted Answer

Gross profit is the difference between revenue and the cost of goods sold. In this case, revenue is $30 and the cost of goods sold is $7. Therefore, the gross profit is $30 - $7 = $23.

Teanna Sells Hand-Painted Wood Signs for $30 Each