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What is the gross profit margin

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Reference no: EM132572478

Question - A company shows the following balances:

Sales $1100000

Sales returns and allowances 300000

Cost of goods sold 600000

Operating expenses 73000

What is the gross profit margin?

a. 54.5%

b. 25.0%

c. 45.5%

d. 78.6%

Reference no: EM132572478

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