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30 December, 18:24

Last month, Leonhard Euler's Watch kiosk at the mall had total sales of $9,489. Merchandise totaling $225 was returned. The goods that were sold cost Leonhard Euler's $5,481. Operating expenses for the moth were $992. What was the gross profit on sales?

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  1. 30 December, 18:28
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    Answer: Total gross profit is $ 2791

    Step-by-step explanation:

    Since, the total revenue by sales = $ 9,489,

    Total returned = $ 225

    Cost of goods = $ 5481,

    And, Operating expenses = $ 992

    Thus, the gross profit = Total revenue - direct costs of producing that good or service = 9489 - (225 + 5481 + 992) = $ 2791

    Therefore, there was a gross profit of $ 2791 on the sale.
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