Cushman Company had $842,000 in sales, sales discounts of $12,630, sales returns and allowances of $18,945, cost of goods sold of $399,950, and $289,650 in operating expenses. Gross profit equals:
A. $810,425.
B. $410,475.
C. $120,825.
D. $423,105.
E. $429,420.
Answer: B
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