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Baugh Enterprises had net sales of $ 7 0 0 , 0 0 0 for the most recent fiscal year, cost of goods sold of

Baugh Enterprises had net sales of $700,000 for the most recent fiscal year, cost of goods sold of $415,000, and interest expense amounting to $113,000. What would be the estimated gross margin percent (rounded to two decimal places) for next year if sales were $800,000 as Braxton predicts or if sales were $1,100,000 as James predicts?

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