This Question: 1 pt 1 of 5 (0 Precious, Inc. is a merchandiser of a single line of golden rings. At the beginning of the day, the shop had 10 rings in its inw The purchase price of each ring from the supplier is $274. In addition, the company pays $5 for shipping and delivery insura What is the company's Gross Profit for the day ift sells each ring for $508? The Gross Profit for the day is $ Enter your answer in the answer box MacBook Pro 20 esc ET FA F3 BB 2 3 4 1 5 eLO Submit Q Time Limit: 02.00:00 This Quiz: 5 pts possi 1 of 5 (0 complete) day, the shop had 10 rings in its inventory. During the day, 5 new rings were delivered to the shop. By close of business, only 7 rings remained in inventory ys $5 for shipping and delivery insurance on each ring that they purchase MacBook Pro F12 5 6 7 8 delete T Y { P K +II RLO Time Limit 02 00 00Subma e Quiz: Module 1 comprehension quiz This Quiz: 5 pts bos 1 of 5 (0 complete) This Ouestion 1 pt Pcious Inc isa merchandser of a single Iine of golden rings At the beginning of the day, the shop had 10 rings in ts inventory During the day, 5 new ings were delivered to the shop. By dose of business, only 7 rings remained in inventorys The parchane price of each ing trom the supplier is $274 in addnion, the company pays 55 for shipping aand delivery insurance on each ring that they purchase What is the company's Gross Prof for the day i t sels each ring for $508 w The Gross Prot for the day s Enter your arewer in the answer box MacBook Pro esc % 8 2 3 4 5 6 7