Neptune Electronics had sales of $520,000 and a cost of goods sold (COGS) of $310,000. Calculate its gross profit.solve this?

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter16: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 29E
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Neptune Electronics had sales of $520,000 and a cost of goods sold (COGS) of $310,000. Calculate its gross profit.solve this?

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