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Assume Easy Electronics had net Sales of $100,000, and Cost of Goods Sold of $75,000. Average Inventory was $15,000. What is the gross profit percentage

Assume Easy Electronics had net Sales of $100,000, and Cost of Goods Sold of $75,000. Average Inventory was $15,000. What is the gross profit percentage for Easy Electronics for this period?

90%

75%

40%

25%

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