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Calculate a Department's Gross Profit on Sales Given the Following

Question 37

Multiple Choice

Calculate a department's gross profit on sales given the following:  Sales $1,600 Operating expenses 350 Cost of goods sold 900\begin{array} {| l | r |} \hline\text { Sales } & \$ 1,600 \\\hline \text { Operating expenses } & 350 \\\hline \text { Cost of goods sold } & 900 \\\hline\end{array}


A) $350.
B) $700.
C) $1,050.
D) $1,250.

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