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adthz adthz
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6 years ago
A furniture retailer has yearly sales of $1,800,000. Beginning-of-year inventory (at cost) equals $400,000; ending inventory (at cost) is $270,000. The yearly purchases are $700,000 and transportation charges are $5,700. The retailer's gross profit equals ________.
A) $1,005,700
B) $735,700
C) $964,300
D) $1,000,000
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Retail Management: A Strategic Approach

Retail Management: A Strategic Approach


Edition: 12th
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MartineMartine
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