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
