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During the current year, merchandise is sold for $3,200,000. The cost of the goods sold is $2,688,000. a. What is the amount of the gross

During the current year, merchandise is sold for $3,200,000. The cost of the goods sold is $2,688,000. a. What is the amount of the gross profit? $fill in the blank 1 b. Compute the gross profit percent. fill in the blank 2 % c. Which of the following is true, based on the above information

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