Using the following information, what is the amount of gross profit?

Name: Using the following information, what is the amount of gross profit?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In order to calculate gross profit, we need to subtract the cost of goods sold from the total revenue. From the given information, we have the total revenue as $231,600 and the cost of goods sold as $199,720. 
Therefore, Gross Profit = Total Revenue - Cost of Goods Sold 
Gross Profit = $231,600 - $199,720 = $31,880 
Hence, the answer is B.

Using the Following Information, What Is the Amount of Gross