European Car Sales sells BMW automobiles. Damien, a salesperson, was allowed to purchase a new BMW for $35,000, even though that model usually sells for $40,000. During the year, European Car Sales sold 200 automobiles for an aggregate price of $8 million and paid $6.8 million for those automobiles. How much gross income must Damian recognize?

Answer rating: 100% (QA)

To calculate the gross income Damian must recognize we need to firs... View the full answer