. Elenor Company sells 400 units of inventory for $40 each. The inventory originally cost Elenor $26 each.
What is Elenor’s gross profit on this transaction?
1. $16,000 2. $10,400 3. $ 5,600 4. $ 9,600
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. Elenor Company sells 400 units of inventory for $40 each. The inventory originally cost Elenor $26 each.
What is Elenor’s gross profit on this transaction?
1. $16,000 2. $10,400 3. $ 5,600 4. $ 9,600
