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Homework answers / question archive / (1)Miracle Corporation had gross sales revenue of €1,700,000; cost of goods sold of €950,000; sales returns of €52,500; and sales discounts of €30,000 Compute for the year: (a) What is the net sales? (b) What is the gross profit? (c) What is the gross profit rate?

(1)Miracle Corporation had gross sales revenue of €1,700,000; cost of goods sold of €950,000; sales returns of €52,500; and sales discounts of €30,000 Compute for the year: (a) What is the net sales? (b) What is the gross profit? (c) What is the gross profit rate?

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(1)Miracle Corporation had gross sales revenue of €1,700,000; cost of goods sold of €950,000; sales returns of €52,500; and sales discounts of €30,000 Compute for the year: (a) What is the net sales? (b) What is the gross profit? (c) What is the gross profit rate?

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