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Power on the Go buys portable generators for $490 and sells them for $730. The company pays a sales commission of 5% of sales revenue
Power on the Go buys portable generators for $490 and sells them for $730. The company pays a sales commission of 5% of sales revenue to the sales staff. The company pays $7,000 a month rent for the store, and also pays $2,200 a month to staff in addition to the commissions. The company sold 200 generators in June. If the company prepares a traditional income statement for the month of June, what would be the gross profit? A. $98,000 B. $48,000 C. $146,000 D. $38,800
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