Given the following: Gross income: $184,728 Materials: $77,599 Taxes & Licensing: $14,800 Subcontracts: $5,987.00 Office Salaries: $2,437.00 What is the gross profit ? A) $83,905 B) $86,342 C) $98,705 D) $101,142
$101,142 *sales less Cost of Construction= Gross Profit *NOTE: taxes and licensing and office salaries are overhead, NOT COST OF CONSTRUCTION BGA: 82