A retailer recorded annual sales revenue of $423,000. During the year, it reported sales discounts...
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Accounting
A retailer recorded annual sales revenue of $423,000. During the year, it reported sales discounts of $5,500, cost of goods sold of $213,000, operating expenses of $101,000, sales returns of $5,500, and freight out of $8,500. What is the retailers gross profit for the year?
Select one:
a.
$198,600
b.
$198,000
c.
$199,000
d.
$206,500
e.
$210,900
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