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A company as sales of $1,500,000, sales discounts of $102,000, sales returns of $123,000, shipping (transportation-out) charges of $15,000, sales commissions of $34,000, and cost
A company as sales of $1,500,000, sales discounts of $102,000, sales returns of $123,000, shipping (transportation-out) charges of $15,000, sales commissions of $34,000, and cost of goods sold of $620,000. What was the company's gross profit or gross margin) for the period?
A company has sales of $1,500,000, sales discounts of $102,000, sales returns of $123,000, shipping (transportation-out) charges of $15,000, sales commissions of $34,000, and cost of goods sold of $620,000. What was the company's gross profit or gross margin) for the period? O a. $757,000 b. $655,000 c. $640,000 d $610,000 Step by Step Solution
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