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

sss (side, side, side)

sas (side, angle, side)

asa (angle, side, angle)

aas (angle, angle, side)

hl (hypotenuse, leg)

the solution is the point

step-by-step explanation:

we have

> equation a

> equation b

adds equation a and equation b

substitute the value of x in equation b to find the value of y

the solution is the point