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Math help??

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Math help??

A factory sells 4,000 printed T-shirts for $7.50 each. Returns and allowances were $925. The store's merchandise inventory on June 1 was $24,750. Purchases during the month were $9,375. The merchandise inventory on June 30 was $26,250. Operating costs were $3,750.

What was the net income? $_______

What was the gross profit on sales? $_______

What was the gross profit on sales? $_______

Thanks for thehelp(((:::

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1 ANSWERS


  1. net income =

    gross sales minus cost of sales

    minus expenses

    ------------

    gross profit = sales

    minus cost of sales

    ------------

    you asked the same question 2x.

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