during the current year, merchandise is sold for $237,500 cash and $625,000 on account. the cost of the goods sold is $422,300. what is the amount of the gross profit?

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05-10-2022
Business

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during the current year, merchandise is sold for $237,500 cash and $625,000 on account. the cost of the goods sold is $422,300. what is the amount of the gross profit?

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