A manager observes that his last month's salaries were $9300, rent was $3000, and supplies used by the company were $3500. Considering that his company's gross margin was $21 000, what would be his net profit for the period?

Question

Quizplus · Accepted Answer

The net profit is calculated by subtracting all expenses from the gross margin. So, $21,000 (gross margin) - $9,300 (salaries) - $3,000 (rent) - $3,500 (supplies) = $5,200.

A Manager Observes That His Last Month's Salaries Were $9300