GHI Corporation has net sales of $250,000, cost of goods sold of $150,000, operating expenses of $30,000, and interest expense of $10,000. What is the gross profit? A. $100,000 B. $70,000 C. $60,000 D. $90,000
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- Sales for Strength Corp are $725,000, cost of goods sold are $543,000, and interest expenses are $23,000. What is the gross profit margin? A. 25.1% B. 24.3% C. 25.8% D. 21.9% E. 23.2%If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select one: a. $2,600,000. b. $130,000. c. $ 520,000. d. $416,000.Blossom Corp. has annual sales totaling $1146000 and an average gross profit of 20% of cost. What is the dollar amount of the gross profit? $286500. $171900. $229200. $191000.