Solved: Up minus to minus date merchandisers has the following, Accounting Basics

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Up minus to minus date merchandisers has the following

Up minus to minus date Merchandisers has the following transactions for the month of July.
Sales revenue $460,000
Cost of goods sold 300,000
Operating expenses 85,000
Sales discounts 20,000
Sales returns and allowances 15,000
Interest revenue 5,000
Calculate Gross Profit.

A. $125,000
B. $140,000
C. $90,000
D. $160,000

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Accounting Basics: Up minus to minus date merchandisers has the following

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