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:<br /><br />1. **Calculate Total Sales Revenue:**<br /> * Cash sales: $250,000<br /> * Credit sales: $975,000<br /> * Total sales: $250,000 + $975,000 = $1,225,000<br /><br />2. **Calculate Gross Profit:**<br /> * Total sales: $1,225,000<br /> * Cost of goods sold: $735,000<br /> * Gross profit: $1,225,000 - $735,000 = $490,000<br /><br />Therefore, the gross profit is $\boxed{490,000}$.<br />