A particular gym maintains a gross margin of 55% on all its weight training products. In April, the gym had a beginning inventory of $148,000, net purchases of $204,000, and net sales of $436,000. Use the gross profit method to estimate the cost (in $) of ending inventory. $

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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A particular gym maintains a gross margin of 55% on all its weight training products. In April, the gym had a beginning inventory of $148,000, net purchases of $204,000, and net sales of $436,000. Use the gross profit method to estimate the cost (in $) of ending inventory.
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