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Assuming Net Sales Is $180,000, Cost of Goods Sold Is

Question 86

Multiple Choice

Assuming Net Sales is $180,000, Cost of Goods Sold is $79,000, Selling Expenses are $28,500, and General Expenses are $22,800, then Gross Profit is

A) $27,700.
B) $207,700.
C) $101,000.
D) $95,300.
E) $72,500.

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