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A company's gross profit (or gross margin) was $83,750 and its net sales were $347,800. Its gross margin ratio is: Multiple Choice 4.2% 24.1% 75.9%.

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A company's gross profit (or gross margin) was $83,750 and its net sales were $347,800. Its gross margin ratio is: Multiple Choice 4.2% 24.1% 75.9%. $83.750. Multiple Choice 4.2%. 24,1%. 75.996. $83.750. $264,050

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