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Schrute Farm Sales buys portable generators for $500 and sells them for $760. He pays a sales commission of 5% of sales revenue to his
Schrute Farm Sales buys portable generators for
$500
and sells them for
$760.
He pays a sales commission of 5% of sales revenue to his sales staff. Mr. Schrute pays
$2,000
a month rent for his store, and also pays
$1,700
a month to his staff in addition to the commissions. Mr. Schrute sold
600
generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his operating income?
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