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5. Express the gross margin in dollars and percentages. (10 points) Gross Sales $285,000 Customer returns 7,000 Billed cost of goods 139,000 Inward freight 5,000

5. Express the gross margin in dollars and percentages. (10 points) Gross Sales $285,000 Customer returns 7,000 Billed cost of goods 139,000 Inward freight 5,000 Workroom charges 3,000 Cash discounts 6%

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