The Following Information Is Available for Chap Company Which Amount Would You Find on Chap's CVP Income Statement

Multiple Choice

The following information is available for Chap Company: $\begin{array}{ll}\text {Sales }&\$350,000\\\text {Total fixed expenses. }&\$60,000\\\text {Cost of goods sold }&120,000\\\text {Total variable expenses }&100,000\\\end{array}$
Which amount would you find on Chap's CVP income statement?

A) contribution margin of $250,000
B) contribution margin of $190,000
C) gross profit of $230,000
D) gross profit of $190,000