11
QuizMultiple Choice

Topic Test

Question 11 • FowU - Financial Math - B

At his comic book store, Korey's Comics, Korey sells approximately $3,250 in comic books each month. But as a comic book dealer, Korey only pays $1,285 for these comic books. Korey's monthly operating expenses, including labor, are $875. Calculate Korey's monthly gross profit.

Answer
A
$1,090
B
$1,965
C
$2,375
D
$2,840

Explanation

Gross profit is sales revenue minus the cost of the goods sold; it does not subtract operating expenses. Korey’s gross profit is $3,250 − $1,285 = $1,965, so the correct choice is $1,965. The $875 in monthly operating expenses would be subtracted later to calculate net profit.

AI-written and checked against the verified answer.

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