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A company shows the following balances: Sales$1100000 Sales returns and allowances300000 Cost of goods sold600000 Operating expenses73000 What is the gross profit margin? 54.5% 25.0%

A company shows the following balances:

Sales$1100000

Sales returns and allowances300000

Cost of goods sold600000

Operating expenses73000

What is the gross profit margin?

54.5%

25.0%

45.5%

78.6%

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