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Bailey's Pet Food has a new line of peanut butter biscuits it is offering to the marketplace. It hopes to achieve a gross profit margin

Bailey's Pet Food has a new line of peanut butter biscuits it is offering to the marketplace. It hopes to achieve a gross profit margin of 40% on net revenues of $450000. What would be its pre-tax earnings?

Not enough information is available

$450000

$450000 - (.4) $450000

$180000

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