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Calculate gross profit for Jonas Co. based on the data given below: Sales$764,000 Selling Expenses52,500 Cost of Merchandise Sold...538,000 Sales Discounts7,100 Sales Returns and Allowances.3,650

Calculate gross profit for Jonas Co. based on the data given below:

Sales………………………………………………$764,000

Selling Expenses……………………………………52,500

Cost of Merchandise Sold………………………...538,000

Sales Discounts………………………………………7,100

Sales Returns and Allowances……………………….3,650

A. $753,250

B. 162,750

C. 215,250

D. 700,250

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