Answer:
The correct answer would be option A, $96600.
Explanation:
Gross profit is the amount of profit which a company earns after deducting all the costs which incurred in the making and sale of the products of the company.
Gross profit can be found out by the following formula:
Gross Profit = Total Sales - Cost of Goods Sold
Total Sales will be Sales Revenue - Sales Return - Sales Discounts
So here total sales revenue will be = 293000 - 26600 - 11200
= 255200
Total sales Revenue: 255200
Cost of goods Sold = 158600
Gross Profit = 255200 - 158600
Gross Profit = $96600
