Question

Last month a company had net sales revenues of $10,000; Cost of goods sold of $4,000; other operating expenses of $3,000; non-operating expenses of $1,000; no non-operating revenues, gains or losses; and income taxes of $500. The gross profit was A : $3,000. B : $6,000. C : $1,500. D : $2,000.

Answer 1

Answer:

6,00 is the correct answer.

Explanation:

Gross Profit =

10,000

- 4,000

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= $6,000

- Ignore everything except for Sales Revenue (Net Sales) and Cost of goods sold.