A company had sales revenue of $900,000 for the year. In addition, the following information is available related to the cost of the units sold:

Total purchase cost $ 480,000

Freight charges 10,000

Purchase discounts 25,000

Purchase returns 50,000

Operating expenses 200,000

For what amount would the company report gross profit?

Multiple Choice

$285,000.

$420,000.

$410,000.

$485,000.