Question

Laura's Landscape and Design Company had a gross annual profit of $211,650. If the annual operating expenses were $104,325, what was the net profit?$112,325$112,650$107,325$315,975None of these choices are correct.

Answer 1

The net profit of Laura's Landscape and Design Company is $107,325.

Step-by-step explanation:

To find the net profit, we need to subtract the annual operating expenses from the gross annual profit. In this case, the gross annual profit is $211,650 and the annual operating expenses are $104,325. So, the net profit is:

$211,650 - $104,325 = $107,325

Therefore, the correct answer is $107,325.

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