Suppose Ausrin Sound had sales of ($300,000) and sales rerurns of ($40,000.) Cosr of goods sold was
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Suppose Ausrin Sound had sales of \($300,000\) and sales rerurns of \($40,000.\) Cosr of goods sold was \($160,000.\) How much gross profit did Austin Sound reporr?
a. $160,000
b. $180,000
c. $100,000
d. $260,000
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