Question

The gross profit for a period was $18,000 with operating expenses as $8000. What is the value of the net profit?

(A) $26,000
(B) $10,000
(C) $8,000
(D) $10,000

Answer 1

The value of the net profit is $10,000.

Step-by-step explanation:

The net profit can be calculated by subtracting the operating expenses from the gross profit. In this case, the gross profit is $18,000 and the operating expenses are $8,000.

Net Profit = Gross Profit - Operating Expenses

Net Profit = $18,000 - $8,000 = $10,000

Therefore, the value of the net profit is $10,000.