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

Question 1

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

Correct Answer:

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