Precious inc is a merchandiser of a single line of golden, Ask an Expert

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?Precious, Inc. is a merchandiser of a single line of golden rings. At the beginning of the? day, the shop had 10 rings in its inventory. During the? day, 4 new rings were delivered to the shop. By close of? business, only 9 rings remained in inventory. The purchase price of each ring from the supplier is ?$287.

In? addition, the company pays? $5 for shipping and delivery insurance on each ring that they purchase.What is the? company’s Gross Profit for the day if it sells each ring for ?$646??

The Gross Profit for the day is ______

?(Enter commas where appropriate. For? example, enter? 1,000 and not? 1000.)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91971741

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