What is the gross profit margin

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Question - Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000.

a. What is the gross profit margin?

b. If the average firm in the clothing industry had a gross profit of 25 percent, how is the firm doing?

Reference no: EM133170604

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What is the gross profit margin : Swank Clothiers had sales of $383,000 and cost of goods sold of $260,000. What is the gross profit margin
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