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Compute how much is the gross profit margin

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Reference no: EM132652929

Question - Given below are account balances for Charlie Company:

Gross sales, $90,000

Sales returns and allowances, $6,000

Selling expenses, $12,000

Cost of goods sold, $50,000

Interest expense, $3,000

Required - Compute how much is the gross profit margin?

Reference no: EM132652929

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