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A company shows the following balances: Sales Revenue $600000 60000 Sales Returns and Allowances Sales Discounts Cost of Goods Sold 20000 390000 What is the

A company shows the following balances: Sales Revenue $600000 60000 Sales Returns and Allowances Sales Discounts Cost of Goods Sold 20000 390000 What is the gross profit rate? 25% 35% 65% 75%

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