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Find what is the gross profit for the period

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Reference no: EM132602922

Mom and Pop Shop provide the following information for the period:

Purchases                 ?$205,000

Operating expenses     ?100,000

Beginning inventory       21,500

Ending inventory         18,000

Sales revenue              395,000

Question 1: What is the gross profit for the period?

Group of answer choices

Option 1: $68,500

Option 2: $168,500

Option 3: $193,500

Option 4: $186,500

Reference no: EM132602922

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