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29 February, 09:47

Cushman company had $814,000 in sales, sales discounts of $12,210, sales returns and allowances of $18,315, cost of goods sold of $386,650, and $280,015 in operating expenses. gross profit equals:

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  1. 29 February, 10:09
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    When solving for the gross profit on a product use:

    Gross profit = Sales - Cost of goods sold

    Sales = $814,000

    Cost of goods sold = $386,650

    Gross profit = $814,000 - $386,650

    Gross profit = $445,350
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