Net Profit Calculation
If a company reports $100,000 in revenue, $70,000 in gross profit, and $20,000 in expenses, what is its net profit or loss?
A
$80,000
B
$120,000
C
$30,000
D
$50,000
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clep.ai501(c)(3) Nonprofit$80,000
$120,000
$30,000
$50,000
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