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If the sales revenue is RM400,000, the Cost of goods sold is RM310,000, and the Operating expenses are RM60,000 what is the gross profit? a. 30,000 b. 90,000 c. 80,000 d. 70,000

If the sales revenue is RM400,000, the Cost of goods sold is RM310,000, and the Operating expenses are RM60,000 what is the gross profit? a. 30,000 b. 90,000 c. 80,000 d. 70,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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If the sales revenue is RM400,000, the Cost of goods sold is RM310,000, and the Operating expenses are RM60,000 what is the gross profit? a. 30,000 b. 90,000 c. 80,000 d. 70,000
Transcribed Image Text:If the sales revenue is RM400,000, the Cost of goods sold is RM310,000, and the Operating expenses are RM60,000 what is the gross profit? a. 30,000 b. 90,000 c. 80,000 d. 70,000
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