For the month ending June 30, Tri County Nursery has net sales of $251,000, cost of goods sold of $99,000, and operating expenses of $70,000. Find the gross profit and net income.

a). gross profit: $82,000; net income: $152,000
b). gross profit: $152,000; net income: $82,000
c). gross profit: $152,000; net income: $29,000
d). gross profit: $72,100; net income: $29,000

Answer rating: 100% (QA)

net sales 251000 cost of ... View the full answer