Eb3.
lo 2.1flip or flop is a retail shop selling a wide variety of sandals and beach footwear. in 2019, they had gross revenue from sales totaling $93,200. their operating expenses for this same period were $34,000. if their cost of goods sold (cogs) was 21% of gross revenue, what was their net operating income for the year?

Their net operating income for the year was $39,628

Explanation:

Flip or Flop's net operating income for the year = Gross revenue - Cost of Goods Sold - Operating expenses

Their Cost of Goods Sold (COGS) was 21% of gross revenue, therefore:

Cost of Goods Sold = 21% x $93,200 = $19,572

The company has operating expenses for this same period of $34,000.

Net operating income for the year = $93,200 - $19,572 - $34,000 = $39,628

answer; (10%) commission;