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Compute the company gross profit for the month

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Reference no: EM132773460

Problem - During March 2020, Sandhill Company generated sales revenues of $156000. The company's sales returns and allowances were $28500 and sales discounts were $5600. Sandhill' expenses and gains were as follows: cost of goods sold of $81000, operating expenses of $32700, interest expense of $3400 and a gain on the sale of equipment of $14100. Compute the company's gross profit for the month?

a. $75000.

b. $8200.

c. $40900.

d. $37500.

Reference no: EM132773460

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