A company's total annual sales were $3,250,000. The cost price of goods sold was $2,480,000. Given below are the overheads paid during the year. Expense Type Wages Amount ($) $225,000 Electricity and Gas $18,500 Telephone $2,100 Rent of Premises $50,250 Office Expenses $21,800 Calculate the net profit for the company.

Calculate the net profit?

What is the Profit?

Calculate the net profit? General accounting

What is the gross profit?

What is the gross profit?

Alex Enterprises reports the following information on its year-end income statement: Net sales $300,000 Operating expenses $60,000 Cost of goods sold 180,000 Other income 20,000 Calculate Alex’s gross profit percentage and profit margin. Round to one decimal place.

Parkside Pool reports net sales of $551,000, gross profit of $198,000, and net income of $34,000. The company's cost of goods sold is: $551,000. $232,000. $353,000. $319,000.

Calculate the net profit

Sales & COGS = 2,358,000 & 1,149,320