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What the amount of gross margin for the merchandise is

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jCS Incorporated experienced the following transactions during its first year of business. The company purchased $18,300 of merchandise from Kent Company. The company paid $7,100 for selling and administrative expenses and purchased land for $9,800. All of the merchandise purchased was sold for $38,000 cash. 

Question 1: What the amount of gross margin for the merchandise is:

Reference no: EM132464871

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