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BlueTech Electronics is a retailer of wireless headphones. Typically, the company purchases a pair of headphones for $85 and sells it for $225. What is the gross profit on these headphones? a. $225 b. $85 c. $140 d. $310

BlueTech Electronics is a retailer of wireless headphones. Typically, the company purchases a pair of headphones for $85 and sells it for $225. What is the gross profit on these headphones? a. $225 b. $85 c. $140 d. $310

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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BlueTech Electronics is a retailer of wireless headphones. Typically, the company purchases a pair of headphones for $85 and sells it for $225. What is the gross profit on these headphones? a. $225 b. $85 c. $140 d. $310
Transcribed Image Text:BlueTech Electronics is a retailer of wireless headphones. Typically, the company purchases a pair of headphones for $85 and sells it for $225. What is the gross profit on these headphones? a. $225 b. $85 c. $140 d. $310
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