Revenue $525,000 Sales Returns $13,900 Sales Discounts $12,400 Net Sales $498,700 Cost of Goods Sold $79,500 Gross

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Revenue $525,000 Sales Returns $13,900 Sales Discounts $12,400 Net Sales $498,700 Cost of Goods Sold $79,500 Gross Profit Gross Profit Margin % 84.06% Given the information above, what is the Gross Profit?

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Posted Date: Apr 19, 2024 01:07 AM

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Revenue $525,000 Sales Returns $13,900 Sales Discounts $12,400 Net Sales $498,700 Cost of Goods Sold $79,500 Gross

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To calculate the Gross Profit we can subtract the Cost of G... View the full answer

Accounting Principles Part 1

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