Al Flynn has gathered the following information. Could you help Al calculate his gross profit?
$$\begin{array} { | l | l | }
\hline \text { Gross Sales } & \$ 25,000 \
\hline \text { Sales Discounts } & \$ 3,000 \
\hline \text { Beg Inventory } & \$ 2,000 \
\hline \text { Net Purchases } & \$ 4,000 \
\hline \text { Ending Inventory } & \$ 2,800 \
\hline \text { Operating Expense } & \$ 1,800 \
\hline
\end{array}$$

Question

Al Flynn has gathered the following information. Could you help Al calculate his gross profit?
 $$\begin{array} { | l | l | } 
\hline \text { Gross Sales } & \$ 25,000 \
\hline \text { Sales Discounts } & \$ 3,000 \
\hline \text { Beg Inventory } & \$ 2,000 \
\hline \text { Net Purchases } & \$ 4,000 \
\hline \text { Ending Inventory } & \$ 2,800 \
\hline \text { Operating Expense } & \$ 1,800 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Al Flynn has gathered the following information. Could you help Al calculate his gross profit?
 $$\begin{array} { | l | l | } 
\hline \text { Gross Sales } & \$ 25,000 \
\hline \text { Sales Discounts } & \$ 3,000 \
\hline \text { Beg Inventory } & \$ 2,000 \
\hline \text { Net Purchases } & \$ 4,000 \
\hline \text { Ending Inventory } & \$ 2,800 \
\hline \text { Operating Expense } & \$ 1,800 \
\hline
\end{array}$$

Al Flynn Has Gathered the Following Information