For a retail operation with the following figures: Net Sales…
For a retail operation with the following figures: Net Sales $500,000.00 Cost of Merchandise Sold $325,600.00 Direct Expenses $100,000.00 Indirect Expenses $ 75,000.00 Find the [a] Gross Margin $ and [b] Net Profit or Loss (Format for Answers to Gross Margin: $25,000.00 ; Format for Profit = $200.00 or for Loss = ($200.00)
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