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What is sam gross profit for march

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Question - Sam's Used Cars uses the specific identification method of costing inventory. During March, Sam purchased three cars for P60,000, P75,000, and P97,500, respectively. During March, two cars are sold for P90,000 each. Sam determines that at March 31, the P97,500 car is still on hand. What is Sam's gross profit for March?

Reference no: EM133096029

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