Calculate gross profit for jonas co based on the data given


Calculate gross profit for Jonas Co. based on the data given below:

Sales                                                      $764,000

Selling Expenses                                   52,500

Cost of Merchandise Sold                      538,000

Sales Discounts                                       7,100

Sales Returns and Allowances               3,650

A. $753,250

B. 162,750

C. 215,250

D. 700,250

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Financial Accounting: Calculate gross profit for jonas co based on the data given
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