A business has compiled the following information for the year endedOpening inventory Purchases Closing inventoryThe gross profit as a percentage of sales is always 40%Based on these figures, what is the sales revenue for the year?

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A business has compiled the following information for the year endedOpening inventory Purchases Closing inventoryThe gross profit as a percentage of sales is always 40%Based on these figures, what is the sales revenue for the year?

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