Solve the problem. For the month ending June 30, TriCounty Nursery has net sale

label Mathematics
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Solve the problem.

For the month ending June 30, TriCounty Nursery has net sales of $251,000, cost of goods sold of $99,000, and operating expenses of $70,000. Find the gross profit and net income.

May 19th, 2015

Net Sales= $251,000

 Cost of goods=  $99,000

Operating Cost= $70,000

Gross Profit=sales-cost of goods

gross profit=$251,000-$99,000

Gross Profit= $152,000

Net Income = Gross profit- operating Cost

Net income= $152,000-$70,000

Net Income = $82,000



May 19th, 2015

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