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Given the Following Information: Sales €500,000; Purchases €325,000; Stock at Beginning

Question 9

Multiple Choice

Given the following information: Sales €500,000; Purchases €325,000; Stock at beginning of period €50,000; Stock at end of period €60,000; the gross profit is:


A) €185,000
B) €175,000
C) €165,000
D) €155,000

Correct Answer:

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