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Abc company had the following results of operation for the year ending 2019 Products sold 80,000 price per product 10 direct materials used 200,000 direct

Abc company had the following results of operation for the year ending 2019

Products sold 80,000

price per product 10

direct materials used 200,000

direct labor used 135,000

manufacturing overhead 165,000

selling expenses 30,000

administrtrative expenses 85,000

Caluculate the gross profit margin for the year

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