If a pharmacy has sales totaling $1,110,000 and the cost of items sold is $746,000, which of the following is the gross profit?
$284,000
$324,000
$364,000
$422,000
$364,000
Rationale: The gross profit would be $364,000 if the pharmacy has sales of $1,110,000 and the cost of items sold is $746,000 . The calculation is simple: $1,110,000 - $746,000 = $364,000.
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