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Posted on Jul 29, 2024

Gasson Company is a merchandising firm. Next month the company expects to sell 800 units. The following data describe the company's revenue and cost structure:

Selling price per unit: $40

Sales Commission: 5%

Purchase price (cost) per unit: $18

Advertiing Exp: $4,000/month

Admin Expense: $4,500/month plus 15% of sales

TASK:

What is the gross margin for next month?

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