[Solved] Assume a beginning inventory of $47,000,

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Assume a beginning inventory of $47,000, ending inventory of $28,000, and purchases of $110,000. If the gross margin percent is 60%, how much is net

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Assume a beginning inventory of $47,000, ending inventory of $28,000, and purchases of $110,000. If the gross margin percent is 60%, how much is net sales revenue? Select one: a. $215,000 O b. $151,667 c. $252,500 d. $322,500 O e. $227,500

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