For the accounting period ended 31 December 2021, merchandise inventories sold were RM100,000 in cash...
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Accounting
For the accounting period ended 31 December 2021, merchandise inventories sold were RM100,000 in cash and RM1,000,000 on account. The cost of merchandise inventories was RM750,000 while the Selling and Administrative expenses incurred was RM100,000.
What is the amount of the gross profit?
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