Question

At his comic book store, Korey’s Comics, Korey sells approximately $3,250 in comic books each month. But as a comic book dealer, Korey only pays $1,285 for these comic books. Korey’s monthly operating expenses, including labor, are $875.

Calculate Korey’s monthly net income.
a.
$1,090
b.
$1,965
c.
$2,375
d.
$2,840


Please select the best answer from the choices provided

A
B
C
D

Answer 1

Revenue 3,250 − cost of goods 1,285 − operating expenses 875 = 3,250 − 2,160 = 1,090.

Answer: A ($1,090)