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Net Sales of Clean Spectacles Is $90,000, Cost of Goods

Question 42

Multiple Choice

Net sales of Clean Spectacles is $90,000, cost of goods sold is $54,000, selling expenses are $17,000, and general expenses are $12,500. Which of the following is its gross profit?


A) $19,000
B) $173,500
C) $36,000
D) $83,500
E) $6,500

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