Multiple Choice
During the year,Grasso Ltd sold 2000 items at $30 each.The cost price of the items was $22 each.Operating expenses totalled $7000 and income tax expense was $4000.
-What was the gross profit of Grasso Ltd for the year?
A) $60 000
B) $16 000
C) $11 000
D) $5000
Correct Answer:
Verified
Correct Answer:
Verified
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