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What gross profit for period was

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Question 1: A high tech company reported sales of $220,000, cost of goods sold of $150,000 and inventory of $60,000. Gross profit for period was:

Option a) $60,000

Option b) $70,000

Option c) $10,000

Option d) $90,000

Option e) none of the above

Reference no: EM132498214

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