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During the Year Ended 30 June 2008,Rico Ltd Had Net

Question 35

Multiple Choice

During the year ended 30 June 2008,Rico Ltd had net sales of $750 000 and net purchases of $440 000.Cost of goods sold was $475 000.What was Rico Ltd's gross profit for the year ended 30 June 2008?


A) $475 000
B) $275 000
C) $240 000
D) $310 000.

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