Your revenue is $27,438 for the month and your gross margin was 72%. Your operating expenses were $14,023. What

was your profit?

Answer:Net profit for the month is $5,732

Explanation:

Given

Sales revenue = 27438

Gross margin = 72%

Operating expenses = 14023

Calculation of Cost of goods sold

Gross margin = (Total sales revenue - COGS) / Total sales revenue

72% = (27438-COGS) / 27438

19755.36 = (27438-COGS)

COGS = $7682.64

Calculation of gross Profit

Gross profit = Sales revenue - Cost of goods sold

=27438 - 7682.64

Gross profit = 19755.36

Calculation of net Profit

Net profit = Gross profit - operating expenses

=19755.36 - 14023

=5,732.36

Net profit for the month is $5,732