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What the company gross profit rate for November

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Question - Oxford Packing Company reported net sales in November of the current year of $1,000,000. At the beginning of November, the company reported beginning Inventory of $368,000. Cost of goods purchased during November amounted to $217,500. The company reported ending inventory at the end of November of $226.750. What the company gross profit rate for November of the current year?

Reference no: EM133099945

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