If sales revenues totals $400,000, cost of goods sold is $310,000, and operating expenses are $60,000, how much is the gross profit?

The gross profit is equal to the sales revenue, minus the cost of goods sold and the operating expenses. In this case, the gross profit would be $30,000, calculated as follows: Sales revenue: $400,000 Cost of goods sold: $310,000 Operating expenses: $60,000 Gross profit: $400,000 - $310,000 - $60,000 = $30,000