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a company shows the following balances: Sales $ 1080000 Sales return and allowances $ 240000 Cost of goods sold $ 560000 operating expenses $ 70000
a company shows the following balances:
Sales $ 1080000
Sales return and allowances $ 240000
Cost of goods sold $ 560000
operating expenses $ 70000
what is the gross profit margin?
a. 19.4%
b. 29.2%
c. 25.0%
d. 37.5%
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