Bargain Merchandisers Has the Following Transactions for the Month of July

question 57

Multiple Choice

Bargain Merchandisers has the following transactions for the month of July. $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & \$ 419,000 \\\hline \text { Cost of Goods Sold } & 310,000 \\\hline \text { Operating Expenses } & 80,000 \\\hline \text { Interest Revenue } & 6,000 \\\hline\end{array}$$ Calculate Gross Profit.

• A) $29,000
• B) $109,000
• C) $35,000
• D) $23,000