Schrute Farm Sales buys portable generators for $490 and sells them for $740. He pays...
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Accounting
Schrute Farm Sales buys portable generators for $490 and sells them for $740. He pays a sales commission of 5 % of sales revenue to his sales staff, Mr. Schrute pays $7,000 a month rent for his store, and also pays $2,100 a month to his staff in addition to the commissions. Mr. Schrute sold 600 generators in June. If Mr. Schrute prepares a traditional income statement for the month of June, what would be his gross profit? OA $738,000 O B. $294,000 O C. $150,000 D. $444,000
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