Welcome to Bytelearn!

Let’s check out your problem:

Compute the gross profit for Jefferson Company based on the following:$\newline$\begin{tabular}{lr} $\newline$Sales & $\$ 764,000$ \\$\newline$Selling expenses & $42$,$500$ \\$\newline$Cost of goods sold & $538$,$000$$\newline$\end{tabular}