In the month of October, a vendor sold clothing materials to various outlets and earned a revenue of $20,000. For the month of October, he procured the raw materials from a wholesale market for $9,000 and paid $2,000 for rent and transportation. In October, the vendor also made an insurance payment of $1,750. 

In this scenario, calculate the amount of profit the vendor made in October.

Answer rating: 100% (QA)

1 Calculate the total cost of goods sold COGS COGS Raw materials Rent and transportation COGS 900... View the full answer