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Calculate the gross profit rate

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Reference no: EM132726238

Question - Financial information is presented below:

Operating expenses $49000

Sales returns and allowances 6000

Sales discounts 9000

Sales revenue 166000

Cost of goods sold 94000

Required - Calculate the gross profit rate?

a. 0.38.

b. 0.34.

c. 0.62.

d. 0.43.

Reference no: EM132726238

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