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A high tech company reported sales of $220,000, cost of goods sold of $150,000 and inventory of $60,000. Gross profit for the period was:

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A high tech company reported sales of $220,000, cost of goods sold of $150,000 and inventory of $60,000. Gross profit for the period was: Select one 0 a $70,000 O b. $60,000 $10,000 O O d. $90,000

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