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Determine the gross profit rate

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Reference no: EM132814734

Question - Financial information is presented below:

Operating expenses $62000

Sales returns and allowances 2000

Sales discounts 6000

Sales revenue 186000

Cost of goods sold 96000

Required - Determine the gross profit rate?

a. 0.46.

b. 0.54.

c. 0.48.

d. 0.44.

Reference no: EM132814734

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