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If the Estimated Rate of Gross Profit Is 30%,what Is

Question 68

Multiple Choice

If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data?
If the estimated rate of gross profit is 30%,what is the estimated cost of the merchandise inventory on September 30,based on the following data? A) $320,000 B) $192,500 C) $275,000 D) $105,000


A) $320,000
B) $192,500
C) $275,000
D) $105,000

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