ABC company sells 400 units of inventory of sh 40 each.The inventory originally cost sh 26 per item.What is ABC company is gross profit on this transaction?

First, let's calculate the total revenue from selling 400 units at sh 40 each:
Total revenue = 400 units * sh 40 = sh 16,000

Next, let's calculate the total cost of the inventory sold:
Total cost = 400 units * sh 26 = sh 10,400

Now, let's calculate the gross profit:
Gross profit = Total revenue - Total cost
Gross profit = sh 16,000 - sh 10,400
Gross profit = sh 5,600

Therefore, ABC company's gross profit on this transaction is sh 5,600.