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