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Inventory Began with $30,000

Question 186

Multiple Choice

Inventory began with $30,000.During the period the company purchased $61,000 of merchandise.At the end of the period,inventory was $22,000.If the gross profit percentage was 40%,what was sales revenue?


A) $46,000
B) $18,000
C) $75,000
D) $115,000

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