Apple Inc is planning to introduce a new product line, and the company expects to sell 1,000 units in the first quarter Calculate the following Item Amount ($) Total cost of production $1,000,000 Projected revenue $1,000,000 Gross profit margin 0 Requirement Calculate the gross profit margin as a percentage of revenue

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Apple Inc. is planning to introduce a new product line, and the company expects to sell 1,000 units in the first quarter. Calculate the following:

Apple Inc. is planning to introduce a new product line, and the company expects to sell 1,000 units in the first quarter. Calculate the following:

Item	Amount ($)
Total cost of production	$1,000,000
Projected revenue	$1,000,000
Gross profit margin	0%

Requirement: Calculate the gross profit margin as a percentage of revenue.

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