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Find what the expected gross margin next month is

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Reference no: EM132714250

Gasson Company is a merchandising firm. Next month the company expects to sell 800 units. The following data describe the company's revenue and cost structure:

Selling price per unit $40

Sales commission       5%

Purchase price (cost) per unit  $18

Advertising expense        $4,000 per month

Administrative expense      $4,500 per month plus 15% of sales

Assume that all activity mentioned in this problem is within the relevant range.

Problem 1: What the expected gross margin next month is?

Reference no: EM132714250

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