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On April 6, Year 1, JCompany purchased $140,000 of merchandise inventory. Terms of the purchase included a discount of 3/20, n/30 and the freight terms

On April 6, Year 1, JCompany purchased $140,000 of merchandise inventory. Terms of the purchase included a discount of 3/20, n/30 and the freight terms were FOB destination. Freight costs amounted to $4,600. Jpaid the account payable on April 24. Jsold all inventory for $189,500.

what is the gross margin?

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