If the cost of goods sold was $42,000 the income from sales was $86,000 and the expenses were $12,000 find gross profit and net profit

Gross profit is $44,000 and Net profit is $32,000

Step-by-step explanation:

Given :

Gross profit :

Gross Profit = Total income - Cost of goods sold

⇒ $86,000 - $42,000

⇒ $44,000

⇒ Gross profit is $44,000

Net profit :

Net profit = Gross profit – Total Expenses

⇒ $44,000 - $12,000

⇒ $32,000

⇒ Net profit is $32,000

45

step-by-step explanation:

answer:   35 % is the probability of a late departure or an early arrival.

step-by-step explanation:

let l represents the late departure and e represents the early departure.

then, according to the question,

p(l) = 12 %,   p(e) = 27 % and = 4 %

and, we have to find out,

but, we know that,

which is the required equation that will use to find the probability of a late departure or an early departure.

therefore,   the probability of a late departure or an early arrival =   35 %