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Business, 07.05.2021 17:20 10040813

Stanley's Bicycles store buys bicycles on average for $610 and sells them on average for $800. He pays a sales commission of 15% of sales revenue to his sales staff. Stanley pays $1600 a month rent for his store, and also pays $7000 a month to his staff in addition to the commissions. Stanley sold 160 bicycles in June. If Stanley prepares a traditional income statement for the month of June, what would be his gross profit

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Stanley's Bicycles store buys bicycles on average for $610 and sells them on average for $800. He pa...
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