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Suppose Old Time Photo had sales of $280,000 and sales returns of $42,000. Cost of goods sold was $163,000. How much gross profit did Old

Suppose Old Time Photo had sales of $280,000 and sales returns of $42,000. Cost of goods sold was $163,000. How much gross profit did Old Time Photo report? O A. $117,000 OB. $60,000 OC. $238,000 OD. $75,000

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