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10. Sawyou Ltds sales for the year were $62500 and the gross margin was 20 per cent. What was the amount of cost of goods

10. Sawyou Ltds sales for the year were $62500 and the gross margin was 20 per cent. What was the amount of cost of goods sold?

A. $31 250

B. $50 000

C. $12 500

D. $125 000

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