The appliance buyer for a major home retailer has net sales of $2,360,000, billed ...

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Accounting

The appliance buyer for a major home retailer has net sales of $2,360,000, billed
cost of new purchases are $1,468,000, shipping charges are $3,500, workroom
costs $1,875, and discounts negotiated are $12,500. Calculate:
a. The maintained markup in dollars and percentages.
b. Gross margin in dollars and percentages.
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