Readers Unlimited Sells Books - What Is Gross Profit?
A)$ 32,000
B)$ 82,000
C)

Multiple Choice

Readers Unlimited sells books.The following information summarizes the company's operating expenses for the year: $$\begin{array} { | l | c c | } \hline \text { Purchases } & \$ & 90,000 \\\hline \text { Operating expenses } & \mathbf { \$ } & 53,000 \\\hline \text { Bepinning merchandise inventary } & \mathbf { 1 } & 12,000 \\\hline \text { Ending merchandise inventory } & \mathbf { \$ } & 15,000 \\\hline \text { Sales revenue } & \mathbf { \$ } & 172,000 \\\hline\end{array}$$
- What is gross profit?

A) $ 32,000
B) $ 82,000
C) $ 85,000
D) $119,000