Answer: should be reported at $70,000.
Explanation:
Gross profit is the profit that is made by a business after the costs that are used during production has been deducted from the revenue gotten from sales. Therefore, the gross profit will be:
Sales revenue = $200,000
Less: cost of goods sold = $130,000
Gross profit = $200,000 - $130,000 = $70,000
Therefore, the gross profit should be reported at $70,000
Pricing objectives frequently reflect corporate goals, while pricing constraints often relate to conditions existing in the marketplace.
Pricing objective or goals give direction to the whole pricing process. While deciding on the pricing objectives you must consider the following:
*The overall marketing, financial, and strategic objective of the company.
*the resources you have available
*consumer price elasticity and price points
*and, the objectives of your product or brand.
Pricing constraints are the factors that limit the latitude of prices that a enterprises sets.
Pricing objectives involves specifying the role of price in enterprise marketing and strategic plans whereas pricing constraints are the factors that limit the range of prices a firm may set.
Learn more about pricing constraints here.
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Answer:
o think the answer is the discount rate