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A Trading Company disclosed that 20% of total goods available for sale came from beginning inventory. The net purchases for the year is 2,000,000. The

A Trading Company disclosed that 20% of total goods available for sale came from beginning inventory. The net purchases for the year is 2,000,000. The ending inventory is thrice as the beginning inventory. Assume that the sales for the year is 3,500,000. How much is the gross profit?

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