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AB Ltd.'s sales revenue for year 1 is $3,040 with gross profit percentage of 40%. Also during the year AB Ltd.s Inventory decreased by $335.

AB Ltd.'s sales revenue for year 1 is $3,040 with gross profit percentage of 40%. Also during the year AB Ltd.s Inventory decreased by $335.

Required: ABs net purchases for the period must have been: $

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