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Calculate the Gross Profit for Jonas Company Based on the Following

Question 105

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Calculate the gross profit for Jonas Company based on the following data:  Sales $764,000 Selling expenses 52,500 Cost of merchandise sold 538,000\begin{array} { | l | r | } \hline \text { Sales } & \$ 764,000 \\\hline \text { Selling expenses } & 52,500 \\\hline \text { Cost of merchandise sold } & 538,000 \\\hline\end{array}

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Sales, $764,000 - Co...

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