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has sales of $ 4 , 0 0 0 , 0 0 0 , cost of goods sold of $ 2 , 2 5 0

has sales of $4,000,000, cost of goods sold of $2,250,000, cash on hand of 250,000, net plant and equipment of 1,500,000 and accounts payable of 55,000. Calculate the gross profit.

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