Question: Please provide the solution to this general accounting question using proper accounting principles. Net sales for the year were $2,100,000 and cost of goods sold

Please provide the solution to this general accounting question using proper accounting principles.

Net sales for the year were $2,100,000 and cost of goods sold was $1,575,000 for the company's existing products. A new product is currently under development and must have an expected selling price of no more than $95 per unit to stay competitive. What is the Gross Profit

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