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The accounts of Madre Linda Services show net sales of $75,000, operating expenses of $18,750, gross profit of $45,000, and profit before tax of $26,250.
The accounts of Madre Linda Services show net sales of $75,000, operating expenses of $18,750, gross profit of $45,000, and profit before tax of $26,250. What was the cost of inventory sold during the year?
a. 30, 000
b. 48,750
c. None of the answers
d. 56,250
e. 18,750
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