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Calculate the gross profit for the month ended December

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Reference no: EM133112818

Question - You rent a store for $1,000 per month, which includes all utilities, effective from December 1. During December you bought 10 pieces of antique furniture for resale purpose all for $2,000. The estimated average cost of each antique furniture is about $200. In December you install store fixtures and equipment for $1,500. In December you sold 3 items for $400, $443 and $600 respectively. Calculate the gross profit for the month ended December 31.

Reference no: EM133112818

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