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Calculate gross profit for bargain merchandisers

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Reference no: EM132946243

Bargain Merchandisers has the following transactions for the month of July.

Net Sales Revenue$424,000

Cost of Goods Sold 320,000

Operating Expenses 90,000

Interest Revenue 7,000

Problem 1: Calculate Gross Profit.  

a. 7000

b. 21,000

c. 14,000

d. 104,000

Reference no: EM132946243

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