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Compute for profit: Purchases 225,000 Sales 523,500 Purchase discount 8,875 Sales discount 3,765 Inventory beginning 700,000 Inventory end 465,000 Selling expenses 68,575 Admin expenses 88,450
Compute for profit:
Purchases 225,000 Sales 523,500 Purchase discount 8,875 Sales discount 3,765 Inventory beginning 700,000 Inventory end 465,000 Selling expenses 68,575 Admin expenses 88,450 Tax rate 25%
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