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Stanley's Bicycles store buys bicycles on average for $630 and sells them on average for...

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Accounting

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Stanley's Bicycles store buys bicycles on average for $630 and sells them on average for $750. He pays a sales commission of 15% of sales revenue to his sales staff. Stanley pays $1,900 a month rent for his store, and also pays $5,000 a month to his staff in addition to the commissions, Stanley sold 110 bicycles in June. If Stanley prepares a traditional income statement for the month of June, what would be his gross profit? O A $151,800 O B. $69,300 OC. $82,500 O.D. $13,200

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