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Last month a company had net sales revenues of $10,000; Cost of goods sold of $4,000; other operating expenses of $3,000; non-operating expenses of $1,000; no non-operating revenues, gains or losses; and income taxes of $500. The gross profit was _________.

Respuesta :

Samawati

Answer:

$6,000

Explanation:

Gross profit is calculated by subtracting direct expenses from the net sales.  Direct expenses is the aggregate of direct labor, direct materials, and direct overheads, also known as the cost of goods sold.

For this company,

Net sales are $10,000

Cost of goods sold $ 4000

Gross profit will $10,000 - $4000= $6000

=$6,000