Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is ______.

Question

05-07-2022
Business

Answered

Discover new knowledge and insights with IDNLearn.com's extensive Q&A database. Our platform is designed to provide trustworthy and thorough answers to any questions you may have.

Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is ______.

Sagot :

We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Thank you for choosing IDNLearn.com for your queries. We’re committed to providing accurate answers, so visit us again soon.

To Make Fruit Punch , Mrs.Casey Adds 1,200 Milliliters Of Water To 850 Milliliters Of Syrup. How Many Liters Of Fruit Punch Does She Make?

Sale Price: On Opening Day, A New Music Store Offers A 16% Discount On All Electric Guitars. If The Regular Price On A Guitar Is $550, What Is The Sale Price? T

Humans’ Main Source Of Food During The Early Paleolithic Era Was A From The Sea. B From Hunting And Gathering. C From Farming And Growing Crops. D From Raising

Both State And Federal Government Have The Power To

Which Describes The Purpose Of The Truman Doctrine? A. To Provide Jobs For American Servicemen After World War II B. To Find A Peaceful Solution To The Korean C

What Is 3/4 Of A Right Angle ?

Which Of These Writings Was Associated With The Transcendentalist Movement? The Last Of The Mohicans "Nature" Uncle Tom's Cabin "The Ballad Of Davy Crockett"

What Would Be An Example Of A Land Form From Magma? A.Hot Springs B.Lava Plateau C.Dome Mountains D.Shield Mountains

Give Examples Of Roman Ideas In Language And Architecture That Exist Today

A Package Of Pencils Costs $1.25. A New Eraser Cost $0.45. Write An Expression To Find The Total Cost Of 3 Packages Of Pencils And 2 Eracers. Then Find The Tota

Monikachinwaal55idn Monikachinwaal55idn · Answer 1 · 2022-07-09T08:09:46-04:00

Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.

What is gross profit?

Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.

Explanation:- Gross Profit = (Net Sales – Cost of Goods Sold)

= ($50,000- $30,000)

= $20,000

Hence, the gross profit of the Blog Inc., would be $20,000.

Learn more about the gross profit here:-

https://brainly.com/question/18567528

#SPJ1

Sagot :

What is gross profit?

Other Questions