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What is the gross profit margin

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Reference no: EM133147112

Question - Swank Clothiers had sales of $363,000 and cost of goods sold of $343,000.

Required -

a. What is the gross profit margin (ratio of gross profit to sales)?

b. If the average firm in the clothing industry had a gross profit of 15 percent, how is the firm doing?

Reference no: EM133147112

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