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Schrute Farm Sales buys portable generators for $490 and sells them for $720. He pays a sales commission of 5% of sales revenue to his

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Schrute Farm Sales buys portable generators for $490 and sells them for $720. He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays $3,000 a month rent for his store, and also pays $2,200 a month to his staff in addition to the commissions. Mr. Schrute sold 200 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his gross profit? A. $242,000 B. $46,000 C. $98,000 OD $144,000

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