The women's shoe department shows gross sales of $260,000 with the cost of the shoes $140,000.The men's shoe department shows gross sales of $170,000 with the cost of the shoes $110,000.What is the gross profit for each department respectively?

Question

Quizplus · Accepted Answer

To calculate the gross profit for each department, we need to subtract the cost of the shoes from the gross sales.

For the women's shoe department:

Gross profit = Gross sales - Cost of shoes 
Gross profit = $260,000 - $140,000 
Gross profit = $120,000

For the men's shoe department:

Gross profit = Gross sales - Cost of shoes 
Gross profit = $170,000 - $110,000 
Gross profit = $60,000

Therefore, the gross profit for each department respectively is $120,000 and $60,000, which corresponds to choice C.

The Women's Shoe Department Shows Gross Sales of $260,000 with the Cost