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Schrute Farm Sales buys portable generators for $ 450 and sells them for $ 760. He pays a sales commission of 5% of sales revenue
Schrute Farm Sales buys portable generators for $ 450 and sells them for $ 760. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $ 5 comma 000 a month rent for his store, and also pays $ 1 comma 800 a month to his staff in addition to the commissions. Mr. Schrute sold 700 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his gross profit?
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