[Solved] Oriole Corp. has annual sales totaling $1

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Oriole Corp. has annual sales totaling $1062000 and an average gross profit of 20% of cost. What is the dollar amount of the gross profit?

Oriole Corp. has annual sales totaling $1062000 and an average gross profit of 20% of cost. What is the dollar amount of the gross profit? $265500.

$212400.

$159300.

$177000.

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