Utah Contractor Practice Exam 2026 – All-In-One Guide to Master Your Contractor Exam Success!

Question: 1 / 770

If you have $300,000 in sales and expenses totaling $210,000, what is your net profit?

$58,000

$74,000

$90,000

To determine net profit, you need to subtract total expenses from total sales. In this scenario, sales amount to $300,000, and expenses are $210,000.

The calculation is as follows:

Net Profit = Sales - Expenses

Net Profit = $300,000 - $210,000

Net Profit = $90,000

Therefore, the net profit, calculated by subtracting the total expenses from total sales, is $90,000, making this the correct answer.

Understanding this financial principle is essential for managing a business, as net profit indicates the actual profitability after accounting for all expenses, which is crucial for assessing the overall financial health of a company.

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$112,000

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