Answer:
C. $34,300.
Explanation:
Gross profit= Net sales - cost of sales
1. calculating net sales
= sales- sales returns and allowances
=$48,000-6000
=$42,000
2. calculating cost of sales
=opening stock + purchases- closing stock
=($900+$9100)-$2300
=$7,700
3. Gross profit
=$42,000-$7,700= $34,300
Gross profit =$ 34,300
