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A company has net sales of $729,000 and cost of goods sold of $292,000. Its gross profit equals: Multiple Choice $(437,000). $729,000. $292,000. $437,000. $1,021,000.

A company has net sales of $729,000 and cost of goods sold of $292,000. Its gross profit equals:

Multiple Choice

$(437,000).
$729,000.
$292,000.
$437,000.
$1,021,000.

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