Multiple Choice
During the year ended 30 June 2016,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 2016?
A) $240 000
B) $275 000
C) $310 000
D) $475 000
Correct Answer:
Verified
Correct Answer:
Verified
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