Assume the following: Sales are $850,000 Sales Returns and Allowances are $30,000 Operating Expenses are $100,000 Cost of Goods Sold are $300,000 What is the Gross Profit? $520,000 $330,000 $580,000 $720,000

Assume the following: Sales are $850,000 Sales Returns and Allowances are $30,000 Operating Expenses are $100,000 Cost of Goods Sold are $300,000 What is the Gross Profit? $520,000$330,000$580,000$720,000