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Calculate the gross profit margin for a firm with sales of $50,000,000 and cost of goods sold of $39,000,000. (Enter your answer as percentage rounded

Calculate the gross profit margin for a firm with sales of $50,000,000 and cost of goods sold of $39,000,000. (Enter your answer as percentage rounded to two decimal points. For example, enter 1.53 instead of 0.0153.)

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