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Maintained markup is 3 9 percent, net sales are $ 5 2 , 0 0 0 , and reductions are $ 2 , 5 0

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Maintained markup is 39 percent, net sales are $52,000, and reductions are $2,500.
Part 1: What is the gross margin in $ ?
$17,780
$2,500
$11,200
$20,280
$54,500
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