Ravens inc. has net sales of $200,000, cost of goods sold of $120,000, selling expenses of $6,000, and non operating expenses of $2,000. what is the company's gross profit

The Gross profit formula:

Gross Profit = Revenue - (Cost of goods sold + Selling expenses + Non operating expenses)

G P = $200,000 - ($120,000 + $6,000 + $2,000) =

= $200,000 - $128,000 = $72,000

Answer:

The company's gross profit is $72,000.