calculate the net profit for an item sold for $90 that has a $36 cost of goods sold and 10% operating…

calculate the net profit for an item sold for $90 that has a $36 cost of goods sold and 10% operating expense cost. net profit = $?

calculate the net profit for an item sold for $90 that has a $36 cost of goods sold and 10% operating expense cost. net profit = $?

Answer

Explanation:

Step1: Calculate operating expense

Operating expense = 10% of selling - price. Selling - price is $90. So, operating expense = $90\times0.1=$9$.

Step2: Calculate net profit

Net profit = Selling price - Cost of goods sold - Operating expense. Cost of goods sold is $36, selling price is $90 and operating expense is $9. So, net profit = $90 - 36-9=$45$.

Answer:

$45$