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  3. for the fiscal year, sales were $8,300,000, sales

For the fiscal year, sales were $8,300,000, sales discounts were $100,000, sales returns and allowances...

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Accounting

For the fiscal year, sales were $8,300,000, sales discounts were $100,000, sales returns and allowances were $45,000, and the cost of merchandise sold was $5,000,000.

a. What was the amount of net sales? b. What was the amount of gross profit?

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