Answer:
In 2022, Rigs-by gross profit=$682,500
Explanation:
Profit=Price at which land is sold- Actual price of land
Profit=$5,000,000- $3,500,000
Profit=$1,500,000
Gross Profit=Profit/Price at which land is sold
Gross Profit=$1,500,000/$5,000,000
Gross Profit=0.3=30%
In 2022, Rigs-by gross profit=
In 2022, Rigs-by gross profit=
In 2022, Rigs-by gross profit=$682,500