Question

In Mono Trading, the proprietor realized that the sales was $450 while the cost of goods sold were $300 which as a result the gross profit was $150. Stock at the beginning was none while the stock at the end was $100 while the operating expenses were $40( rent $25 and electricity $15) which determined the net profit . Respectfully, draft the revenue statement with it's net profit?

Answer 1

Based on the information you provided, we can create a simple revenue statement to outline the gross profit, operating expenses, and net profit for Mono Trading. Below is the detailed revenue statement:

### Mono Trading Revenue Statement

**For the Period Ended [Date]**

| Description | Amount ($) |
|---------------------------------------|-------------|
| **Sales Revenue** | 450 |
| **Cost of Goods Sold (COGS)** | (300) |
| **Gross Profit** | 150 |
| | |
| **Operating Expenses** | |
| Rent | (25) |
| Electricity | (15) |
| Total Operating Expenses | (40) |
| | |
| **Net Profit** | 110 |

### Calculation Details
- **Gross Profit**: Sales Revenue - COGS = $450 - $300 = $150
- **Total Operating Expenses**: Rent + Electricity = $25 + $15 = $40
- **Net Profit**: Gross Profit - Total Operating Expenses = $150 - $40 = $110

### Summary
- **Net Profit** for the period is **$110**.

This revenue statement gives a clear overview of the sales and expenses leading to the net profit for Mono Trading.