Using the following information, what is the amount of gross profit? Purchases $ 25,453   Selling expenses $ 952 Merchandise inventory, September 1 6,687   Merchandise inventory, September 30 10,575 Administrative expenses 665   Sales 58,668 Rent revenue 580   Interest expense 1,049 a.$58,668 b.$36,151 c.$37,103 d.$80,233

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Using the following information, what is the amount of gross profit?

Purchases $ 25,453   Selling expenses $ 952
Merchandise inventory, September 1 6,687   Merchandise inventory, September 30 10,575
Administrative expenses 665   Sales 58,668
Rent revenue 580   Interest expense 1,049
a.$58,668
b.$36,151
c.$37,103
d.$80,233
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