Financial information is presented below: Operating Expenses $\quad \$ 65,000$
Sales Revenue $\quad\quad \quad 220,000$
Cost of Goods Sold $\quad 138,000$ Gross profit would be
A) $17000.
B) $82000.
C) $155000.
D) $220000.

Question

Financial information is presented below: Operating Expenses $\quad \$ 65,000$
Sales Revenue $\quad\quad \quad  220,000$
Cost of Goods Sold $\quad 138,000$ Gross profit would be
A) $17000.
B) $82000.
C) $155000.
D) $220000.

Quizplus · Accepted Answer

Gross profit is calculated as Sales Revenue minus Cost of Goods Sold. Therefore, $220,000 - $138,000 = $82,000.

Financial Information Is Presented Below: Operating Expenses $65,000\quad \$ 65,000$65,000 Sales Revenue

Financial Information Is Presented Below: Operating Expenses $\quad \$ 65,000$ Sales Revenue