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Calculate the Net Sales revenues and Gross Profit of merchandising business from the following information Sales discount = 15000 $ Sales returns and allowances =

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Calculate the Net Sales revenues and Gross Profit of merchandising business from the following information Sales discount = 15000 $ Sales returns and allowances = 60000$ Purchase Retum = 16000$ Sales revenues = 350000$ . Cost of goods sold = 110000$ Freight In = 5000$ . Net sale revenue = 275000 1. Gross Profit - 185000 Net sale revenue = 257000 2. Gross Profit - 156000 Net sale revenue = 275000 3. Gross Profit - 385000 Net sale revenue = 275000 4. Gross Profit - 165000

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