What was the amount of gross profit what was the amount of
For the fiscal year, sales were $12,140,000, sales discounts were $250,000, sales returns and allowances were $80,000, and the cost of merchandise sold was $7,000,000.
a. What was the amount of net sales?
b. What was the amount of gross profit?
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for the fiscal year sales were 12140000 sales discounts were 250000 sales returns and allowances were 80000 and the
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