Financial information is presented below: $$\begin{array} { l r }
\text { Operating Expenses } & \$ 60,000 \
\text { Sales Revenue } & 225,000 \
\text { Cost of Goods Sold } & 135,000
\end{array}$$ Gross profit would be
A) $30,000.
B) $90,000.
C) $165,000.
D) $225,000.

Question

Financial information is presented below: $$\begin{array} { l r } 
\text { Operating Expenses } & \$ 60,000 \
\text { Sales Revenue } & 225,000 \
\text { Cost of Goods Sold } & 135,000
\end{array}$$ Gross profit would be
A) $30,000.
B) $90,000.
C) $165,000.
D) $225,000.

Quizplus · Accepted Answer

Gross profit is calculated as Sales Revenue minus Cost of Goods Sold. Therefore, gross profit is $225,000 - $135,000 = $90,000.

Financial Information Is Presented Below Gross Profit Would Be A) $30,000

Financial Information Is Presented Below Gross Profit Would Be
A) $30,000