During August 2016 Shelby's Supply Store Generated Revenues of $65000

Multiple Choice

During August 2016 Shelby's Supply Store generated revenues of $65000. The company's expenses were as follows: cost of goods sold of $33000 and operating expenses of $7000. The company also had rent revenue of $2000 and a loss on the sale of a delivery truck of $3000. Shelby's gross profit for August 2016 is

A) $25000.
B) $27000.
C) $24000.
D) $32000.