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A consumer products company reported a 5.7 percent increase in sales from Year 1 to Year 2. Sales in Year 1 were $30.800. In Year
A consumer products company reported a 5.7 percent increase in sales from Year 1 to Year 2. Sales in Year 1 were $30.800. In Year 2, the company reported cost of goods sold in the amount of $11,107. What was the gross profit percentage in Year 2? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).) Answer is complete but not entirely correct. Gross profit percentage 69.64 %
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