Bargain Merchandisers Has the Following Transactions for the Month of July

Multiple Choice

Bargain Merchandisers has the following transactions for the month of July. $$\begin{array} { | l | r | } \hline \text { Net Sales Revenue } & \$ 403,000 \\\hline \text { Cost of Goods Sold } & 310,000 \\\hline \text { Operating Expenses } & 85,000 \\\hline \text { Interest Revenue } & 7,000 \\\hline\end{array}$$ Calculate Gross Profit.

A) $8,000
B) $93,000
C) $185,000
D) $1,000