Question: Please explain the correct approach for solving this general accounting question. Analyze the Accounting data below and determine the company's gross profit if they can

Please explain the correct approach for solving this general accounting question.

Analyze the Accounting data below and determine the company's gross profit if they can reduce their cost of goods sold by 15%. | Sales revenue | $580,000 | | Operating expenses | $95,000 | | Cost of goods sold | $320,000 | | Sales returns | $60,000 | | Sales discount | $25,000 |

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