Using the following information,calculate net profit before tax.
A) $50 000.
B) $100 000.
C) $180 000.
D) None of the above.

Name: Using the following information,calculate net profit before tax. A) $50 000. B) $100 000. C) $180 000. D) None of the above.
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Question

Using the following information,calculate net profit before tax. 
A) $50 000. 
B) $100 000. 
C) $180 000. 
D) None of the above.

Quizplus · Accepted Answer

Without any additional information about expenses or taxes, we can assume that the net profit before tax is equal to the revenue of $200,000 minus the cost of goods sold of $20,000, which equals $180,000. Therefore, the correct answer is C.

Using the Following Information,calculate Net Profit Before Tax