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A company has sales of $ 3 7 5 , 0 0 0 and its gross profit is $ 1 5 7 , 5 0

A company has sales of $375,000 and its gross profit is $157,500. Its cost of goods sold
equals:
$157,500.
$532,500.
$217,500.
$(217,000).
$375,000.
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