Question

Total revenue is 3,000 cost of goods 1,500 total selling expence is 500 what is profit

Answer 1

Cost of goods = 1,500
Selling expense = 500

Total cost in selling = 1500 + 500 = 2000

Profit = Total Revenue - Total cost in selling = 3000 - 2000 = 1000

Profit = 1000

Hope this explains it.