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A company had sales of $200,000, cost of goods sold of $120,000, and operating expenses of $50,000. What was their gross profit and net profit,

A company had sales of $200,000, cost of goods sold of $120,000, and operating expenses of $50,000. What was their gross profit and net profit, respectively? a) $80,000 and $30,000 b) $50,000 and $30,000 c) $150,000 and $120,000 d) $30,000 and $80,000

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