A company has sales of 1500000 sales discounts of 102000, Ask an Expert

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A company has sales of $1,500,000, sales discounts of $102,000, sales returns and allowances of $123,000, shipping charges of $15,000, sales commissions of $34,000,net income totaled $263,500, and cost of goods sold of $420,000. What is the gross profit/margin for the period?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975492

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