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Assuming the Perpetual Inventory Method is used, if sales are $75,000, cost of goods sold $50,000, opening inventory $20,000 and closing inventory $15,000, what is

Assuming the Perpetual Inventory Method is used, if sales are $75,000, cost of goods sold $50,000, opening inventory $20,000 and closing inventory $15,000, what is the Gross Profit?

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