A merchandise business began with an inventory of $24,572.24 and ended with an inventory of $18,265.86. They

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A merchandise business began with an inventory of $24,572.24 and ended with an inventory of $18,265.86. They made no additional purchases during the month. If they had sales in the amount of $10,746.50, what was the amount of gross profit or loss they had on sales for the month before subtracting expenses? $