BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a business’s net profit if it has $882, 750 in income, $291, 400 in operating expenses, and $238, 930 in cost of goods?
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$471, 350
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$232, 420
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$352, 420
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$523, 820
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Explanation:
Detailed explanation-1: -Net profit is gross profit minus operating expenses and taxes. You can also think of it as total income minus all expenses.
Detailed explanation-2: -if sales revenues are $400, 000, cost of goods sold is $310, 000, and operating expenses are $60, 000, what is the gross profit? $90, 000.
Detailed explanation-3: -Therefore, When net profit is Rs. 44, 000 and profit on the sale of a fixed asset is Rs. 4, 000, the fund from operations will be Rs. 40, 000.
Detailed explanation-4: -The formula for calculating net profit is: Net Profit = Total revenue-Total expenses. It can also be expressed as. Net Profit = Gross Income-Total Expenses. Related.
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