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A company had sales of $ 5 0 0 , 0 0 0 , cost of goods sold of $ 3 0 0 , 0

A company had sales of $500,000, cost of goods sold of $300,000, and operating expenses of $100,000. What is the companys gross profit margin?
A)60%
B)40%
C)20%
D)50%
Dont used chart gpt

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