calculate the net profit for an item sold for $6 that has a $2 cost of goods sold and 15% operating expense…

calculate the net profit for an item sold for $6 that has a $2 cost of goods sold and 15% operating expense cost. net profit = $?

calculate the net profit for an item sold for $6 that has a $2 cost of goods sold and 15% operating expense cost. net profit = $?

Answer

Explanation:

Step1: Calculate operating expense

Operating expense = Selling price × Operating - expense rate. The selling price is $6 and the operating - expense rate is 15% or 0.15. So, operating expense = $6×0.15 = $0.9.

Step2: Calculate net profit

Net profit = Selling price−Cost of goods sold−Operating expense. The selling price is $6, the cost of goods sold is $2, and the operating expense is $0.9. So, net profit = $6 - $2 - $0.9=$3.1.

Answer:

$3.1$