Question: Current Attempt in Progress On January 1, a store lud inventory of $48.000. January purchases were $46,000 and January sales were $95.000. On Februaryta fire

Current Attempt in Progress On January 1, a store lud inventory of $48.000. January purchases were $46,000 and January sales were $95.000. On Februaryta fire destroyed most of the inventory. The rate of gross profit was 25 of cost Merchandise with a selling price of $5,000 remained undamaged after the fire. Compute the amount of the frelos, assuming the store had no insurance coverage Fire loss eTextbook and Media Save Torter Attempts: 0 of 3 used Submit

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