Financial Information Is Presented Below $\begin{array}{lr}\text { Operating expenses } & \$ 40,000 \\\text { Sales revenue } & 200,000 \\\text { Cost of goods sold } & 150,000\end{array}$

Multiple Choice

Financial information is presented below: $\begin{array}{lr}\text { Operating expenses } & \$ 40,000 \\\text { Sales revenue } & 200,000 \\\text { Cost of goods sold } & 150,000\end{array}$ Gross profit would be

A) $160,000.
B) $ 40,000.
C) $ 50,000.
D) $ 10,000.