Euromaster Artworks buys and sells paintings. During March, the company had the following paintings (with their costs) in inventory. Some of the paintings have been sold and the sales price is also reported.

Euromaster Artworks also has the following period costs during March: rent, €3,000;
salaries, €10,000; utilities, €1,000; insurance, €500.
What is the profit for Euromaster Artworks during March?

Transcribed Image Text:

Painting Van Goof Rembranch Angelomichael Gogone Monnay Picatto Cost 30,000 20,000 10,000 25,000 13,000 3,000 Sales Price 50,000 Not sold 40,000 Not sold 10,000 7,000