A business reports gross profit of $50,000 and operating profit of $25,000. The following costs were left out by mistake by the bookkeeper:

Freight-in                   $1,200
Freight-out                 $2,000
Discount Allowed       $2,800
Discount Received     $3,200

The revised profit figures would be: 

a. Gross profit $48 800; Operating profit $23 400

b. Gross profit $52 000; Operating profit $20 200

c. Gross profit $46 800; Operating profit $22 200

d. Gross profit $50 000; Operating profit $25 000

e. Gross profit $53 200; Operating profit $23 400

Answer rating: 100% (QA)

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