Financial information is presented below: $\begin{array}{lr}
\text { Operating Expenses } & \$ 65,000 \
\text { Net Sales } & 220,000 \
\text { Cost of Goods Sold } & 138,000
\end{array}$ Gross profit would be

Question

Quizplus · Accepted Answer

To calculate gross profit, we need to subtract cost of goods sold from net sales. Looking at the provided financial information, we can see that the net sales are $237,000, and the cost of goods sold is $155,000. So, gross profit would be: 
$237,000 - $155,000 = $82,000. Therefore, the correct option is B.