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Net sales for the towel department were $1,150,000. Billed cost of merchandise was $888,000. Shipping charges were $5,460 and the buyer negotiated a discount of

Net sales for the towel department were $1,150,000. Billed cost of merchandise was $888,000. Shipping charges were $5,460 and the buyer negotiated a discount of 5%. What were the gross margin dollars and percentage for the towel department ?

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