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What is gross profit

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1. Mayer Corporation had sales of $24,000, cost of sales of $10,000 advertising expense of $8,500 and income tax expense of $1,500. What is gross profit?

2. Mayer Corporation had sales of $24,000, cost of goods sales of $10,000, advertising expenses of $8,500 and income expense of $1,500. What is operating profit?

Reference no: EM131559871

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