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Title: Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pa Post by: bernie2981 on Nov 14, 2015 Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15% of sales revenue to his sales staff. Stanley pays $1,400 a month rent for his store, and also pays $3,000 a month to his staff in addition to the commissions. Stanley sold 120 bicycles in June. If Stanley prepares a traditional income statement for the month of June, what would be his gross profit?
A) $90,000 B) $18,000 C) $72,000 D) $162,000 Title: Re: Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. H Post by: nuclei on Nov 15, 2015 Content hidden
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