Illustrate what is the amount of gross profit

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Reference no: EM13126281

during the month, merchandise is sold for $80,500 cash and for $119,000 on account. the cost of merchandise sold is $101,500. what i the amount of gross profit?

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During the month, merchandise is sold for $23,500 cash and for $34,000 on account. The cost of merchandise sold is $41,500. What is the amount of gross profit?

Reference no: EM13126281

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