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sales Revenue: 460,000. Cost of goods sold 300,000. operatingexpenses 85,000. sales discounts 20,000. Sales returns andallowances: 15,000. Interest revenue: 5,000. 1) What is net sales

sales Revenue: 460,000. Cost of goods sold 300,000. operatingexpenses 85,000. sales discounts 20,000. Sales returns andallowances: 15,000. Interest revenue: 5,000.

1) What is net sales revenue?

2) Assume net sales revenue is 450,000. What is gross profit?

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