What is the gross profit margin

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Reference no: EM131913441

Question : Carol's Coat Closet had sales of $ 534,000 and cost of goods sold of $157,300.

?a. ?What is the gross profit margin?

?b.? If the average firm in the clothing industry had a gross profit margin of 60 percent, how is the firm doing?

Reference no: EM131913441

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