Financial information is presented below: Operating expenses Sales retums and allowances Sales discounts Sales revenue Cost...

Question

Question

Financial information is presented below: Operating expenses Sales retums and allowances Sales discounts Sales revenue Cost o

business accounting

Answer 1

Answer #1

Net Sales Revenue = $165000-12000-3000 = $150000
Gross Profit = Net Sales Revenue - Cost of Goods Sold
= $150000 - 96000 = $54000

Answer is 1. $54000

Answer 2

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