Use the information above to answer the following question.What is the amount of the gross profit?
A)$720,000
B)$150,000
C)$200,000
D)$72,000

Question

Quizplus · Accepted Answer

Gross profit is calculated as sales revenue minus the cost of goods sold. Without specific figures provided in the question, the correct answer is based on the assumption that the information above supports the choice of $150,000 as the gross profit.

Use the Information Above to Answer the Following Question