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QUESTION 6 Given the following information, what is the percentage (rounded) gross profit on purchase from a country town liquor store. Opening stock $540,000

QUESTION 6 Given the following information, what is the percentage (rounded) gross profit on purchase from a country town liquor store. Opening stock $540,000 Purchases $240,000 Closing stock $110,000 Sales $770,000 A. 37% B. 41% C. 13% D. 12%

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