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Ravens inc. has net sales of $200,000, cost of goods sold of $120,000, selling expenses of $6,000, and non operating expenses of $2,000. what is the company's gross profit

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HomertheGenius
The Gross profit formula:
Gross Profit = Revenue - ( Cost of goods sold + Selling expenses + Non operating expenses )
G P = $200,000 - ( $120,000 + $6,000 + $2,000 ) =
= $200,000 - $128,000 = $72,000
Answer:
The company`s gross profit is $72,000.

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