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Stanley's Bic cles store buys bicycles on average for $610 and sells them on average or $80 He pays a sales commis on 15% o

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Stanley's Bic cles store buys bicycles on average for $610 and sells them on average or $80 He pays a sales commis on 15% o s es revenueto his sa es st Stanley pays $ 60 amon rent or his store and aso ays $7,000 a month to his staff in addition to the commissions. Stanley sold 160 bicycles in June. If Stanley prepares a traditional income statement for the month of June, what would be his gross profit? $97,600 128,000 S225,600 $30,400

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