Question

Ben owns an ice cream shop. Last quarter's income was $9,000; his cost of goods was $575, and his total expenses were $5,000.

What is Ben's Gross Profit for the last quarter?

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Type a comma to separate the digits and type the $ symbol when you enter your answer as shown below:

Example: $15,300

Answer 1

Answer: $8,425

Explanation:

•Gross Profit = Income - Cost of Goods

- Ben's Income was $9,000 and his cost of goods were $575.

-Therefore, $9,000 - $575 = $8,425