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What is the company gross profit margin

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Reference no: EM132905635

Problem 1: During a fiscal year, a company had $30,000,000 in total sales. It had a cost of goods sold (COGS) of $20,000,000 and $6,000,000 in non-specific additional expenses. What is the company's gross profit margin?

Option 1: 16%

Option 2: 28.5%

Option 3: 33.33%

Option 4: 10%

Reference no: EM132905635

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