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A company just starting in business purchased three merchandise inventory items at the following prices . First purchased$ 80; second purchase $95; the third $85.

A company just starting in business purchased three merchandise inventory items at the following prices . First purchased$ 80; second purchase $95; the third $85. If a company sold two units for a total of $250 and used FIFO costing , the gross profit for that period would be what ?

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