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  3. a company has gross sales of $215,000, sales retur

A company has gross sales of $215,000, sales returns and allowances of $7,000, sales discounts...

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Accounting

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A company has gross sales of $215,000, sales returns and allowances of $7,000, sales discounts of $8,000, cost of goods sold of $120,000, operating expenses of $6,000 and interest expense of $2,000. What is the company's gross profit? $72,000 $74,000 $80,000 $76,000

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