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kodGreya [7K]
4 years ago
13

Waymon co. has net sales of $100,000, cost of goods sold of $70,000, and operating expenses of $18,000. what is its gross profit

?
Mathematics
2 answers:
Fudgin [204]4 years ago
4 0
Profit is equal to gains - losses. In this case it would be
100,000-70,000-18,000=profit=$12,000
Charra [1.4K]4 years ago
3 0

Let

P-------> the profit

N------> the net sales

C-----> cost of goods

O-----> operating expense

we know that

P=N-(C+O)

in this problem

N=$100,000

C=$70,000

O=$18,000

Substitute the values in the formula above to find the Profit

P=100,000-(70,000+18,000)

P=100,000-(88,000)

P=12,000

therefore

the answer is

the Gross Profit is equal to $12,000

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