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(a)Net sales $ (b)Gross Profit $ (c)Gross Profit...

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Question

Accounting

(a)Net sales $
(b)Gross Profit $
(c)Gross Profit Rate %

Net sales and gross profit Mayflower Supply House had gross sales revenue of $1,700,000, cost of goods sold of $950,000, sales returns and allowances of $52,500, and allowed sales discounts of $30,000. Compute for the year:

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