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Question - Given the following data:
Sales revenue $850,000
Beginning inventory 120,000
Ending inventory 200,000
Purchases 700,000
Freight-out 20,000
Freight-in 10,000
Sales Discounts 5,000
What is the Gross Profit?
a. $195,000
b. $200,000
c. $205,000
d. $210,000
e. $215,000
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