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Dany sells telephones. He pays $70 for each phone, has rent costs of $20 per...

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Accounting

  1. Dany sells telephones. He pays $70 for each phone, has rent costs of $20 per week, pays advertising costs of $10 per week and pays employees a commission of $5 for each phone sold. If he sells the phone for $125, what is his gross profit on the phone?

Answer: ____________________________

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