A company reports net sales of $ 6 0 0 , 0 0 0 , cost of goods sold of $ 2 0 0 , 0 0 0 , and net income of $ 1 0 0 , 0 0 0 Its gross profit equals multiple choice $ 1 0 0 , 0 0 0 $ 3 0 0 , 0 0 0 $ 4 0 0 , 0 0 0 $ 5 0 0 , 0 0 0

Question

A company reports net sales of $ 6 0 0 , 0 0 0 , cost of goods sold of $ 2 0 0 , 0 0 0 , and net income of $ 1 0 0 , 0 0 0   Its gross profit equals  multiple choice $ 1 0 0 , 0 0 0 $ 3 0 0 , 0 0 0 $ 4 0 0 , 0 0 0 $ 5 0 0 , 0 0 0

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Question

A company reports net sales of $ 6 0 0 , 0 0 0 , cost of goods sold of $ 2 0 0 ,

A company reports net sales of $ $600, 000,$ cost of goods sold of $ $200, 000,$ and net income of $ $100, 000 .$ Its gross profit equals:

multiple choice

$ $100, 000$

$ $300, 000$

$ $400, 000$

$ $500, 000$

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