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Cost of Goods sold for RR Inc. for this year are $12,280. Last year's gross profit was $13,000. The current year's gross profit is 7%

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Cost of Goods sold for RR Inc. for this year are $12,280. Last year's gross profit was $13,000. The current year's gross profit is 7% higher. What is the dollar amount of this year's sales? What is this year's gross margin percentage? Could RR have a net loss for the year? Explain

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