A furniture retailer has yearly sales of $1,800,000 . Beginning-of-year inventory (at cost) equals $400,000; ending inventory (at cost) is $270,000 . The yearly purchases are $700,000 and transportation charges are $5,700
The retailer's gross profit equals _____.
a. $735,700
b. $964,300
c. $1,000,000
d. $1,005,700
b
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