Homework Answers
It is profit.
When Gross profit is greater than total operating expenses, the it will be profit.
Here, Gross profit is $38,241.53 which is greater than total operating expenses $18,853.
Net income = gross profit - total operating expenses =>$38,241.53 - 18,853
=>$19,388.53.
(in case of operating expense being greater than gross profit, it will result in net loss).
Add Answer to:
Im
a bit confused, is it loss or profit ? Thanks
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