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What the retailer gross profit for the year

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Problem 1: A retailer recorded sales of $400,000 during 2019. During the year, it reported sales discounts of $10,000, cost of goods sold of $225,000, and operating expenses of $120,000. What the retailer's gross profit for the year?

a. $290,000
b. $165,000
c. $400,000
d. $280,000
e. $175,000

Reference no: EM132727220

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