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    Financial Statement Analysis

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    1.The gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars?

    2.If expenses are $175.00 and profit is $120.00 and the selling price in$495.00, what is the cost and what percentage is the profit and what percentage are expenses of the cost?

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    https://brainmass.com/business/business-math/financial-statement-analysis-15253

    Solution Preview

    Hi there,
    <br>
    <br>1. The selling price would be $25
    <br>The gross profit in ...

    Solution Summary

    This question involves the fundamentals of accounting

    $2.19

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