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What is the gross profit? Please show me the steps. During the current year, merchandise is sold for $237,500 cash and $625,000 on account. The

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What is the gross profit? Please show me the steps.

During the current year, merchandise is sold for $237,500 cash and $625,000 on account. The cost of the goods sold is $422,300. What is the amount of the gross profit? a. $440,200 Ob. $34,800 Oc. $442,000 Od. $1,284,800

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