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A company shows the following balances: Sales Revenue $2964000 Sales Returns and Allowances 424000 Sales Discounts 40000 Cost of Goods Sold 1450000 What is the

A company shows the following balances: Sales Revenue $2964000 Sales Returns and Allowances 424000 Sales Discounts 40000 Cost of Goods Sold 1450000 What is the gross profit rate? 49% 58% 42% 54%

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