Hello tutor give answer please If the sales revenue is RM400,000, the Cost ofgoods sold is RM310,000, and the Operatingexpenses are RM60,000 what is the gross profit?a. 30,000b. 90,000c. 80,000d. 70,000

Step 1: Definition of Gross Profit:The gross profit is the surplus of sales revenue over the cost of…

Answered: If the sales revenue is RM400,000, the…

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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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