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acompany has the following account balances : sales revenue 1,000,000. Sales returns and allowances 180,000. Sales discounts 20,000. and cost of goods sold 600,000. What

acompany has the following account balances : sales revenue 1,000,000. Sales returns and allowances 180,000. Sales discounts 20,000. and cost of goods sold 600,000. What is the companys gross profit rate?? 75% 25% 50% 60%

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