36. During the current year X company soldmerchandise for 250,000 cash and for 975,000 on account. The cost of the merchandise sold is 735,000 . What is the amount of the gross profit? 985000 485000 490000 1225000 44:2

Here's how to calculate the gross profit:1. **Calculate Total Sales Revenue:** * Cash sales: 975,000 * Total sales: 975,000 = 1,225,000 * Cost of goods sold: 1,225,000 - 490,000Therefore, the gross profit is .