Business, 10.09.2019 02:10 alyxkellar06

precious, inc. is a merchandiser of a single line of golden rings. at the beginning of the day, the shop had 10 rings in its inventory. during the day, 4 new rings were delivered to the shop. by close of business, only 7 rings remained in inventory. the purchase price of each ring from the supplier is $223. in addition, the company pays $5 for shipping and delivery insurance on each ring that they purchase. what is the company’s gross profit for the day if it sells each ring for $662?

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precious, inc. is a merchandiser of a single line of golden rings. at the beginning of the day, the...