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A company shows the following balances: Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold $740000 86000 25000 460000 What is the

A company shows the following balances:

Sales Revenue

Sales Returns and

Allowances

Sales Discounts

Cost of Goods Sold

$740000

86000

25000

460000

What is the gross profit rate?

27%

73%

62%

38%

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