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A company shows the following balances: Sales $1,000,000,Sales Returns and Allowances 180,000,Sales Discounts 20,000 Cost of Goods Sold 560,000 ,What is the gross profit percentage?

A company shows the following balances:

Sales $1,000,000,Sales Returns and Allowances 180,000,Sales Discounts 20,000

Cost of Goods Sold 560,000 ,What is the gross profit percentage?

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