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What is the gross profit percentage

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Reference no: EM132479699

Question - The following data were taken from the records of Township Corporation at December 31 of the current year:

Sales revenue $94,000

Gross profit 36,000

Selling (distribution) expense 6,100

Administrative expense ?

Pretax income 13,400

Income tax rate 35%

Shares of stock outstanding 4,400

What is the gross profit percentage?

Reference no: EM132479699

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