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  3. a retailer recorded annual sales revenue of $424,0

A retailer recorded annual sales revenue of $424,000. During the year, it reported sales discounts...

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Accounting

A retailer recorded annual sales revenue of $424,000. During the year, it reported sales discounts of $5,600, cost of goods sold of $203,000, operating expenses of $101,000, sales returns of $4,500, and freight out of $8,500. What is the retailers gross profit for the year?

Select one:

a.

$210,900

b.

$199,000

c.

$198,600

d.

$206,500

e.

$198,000

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