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Choose correct answer. A gross profit margin of 30% means that: for each dollar of sales, the company has a cost of goods sold of

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A gross profit margin of 30% means that: for each dollar of sales, the company has a cost of goods sold of seventy cents. for each dollar of sales, the company has a gross profit of thirty cents. for each dollar of sales, the company has a cost of goods sold of thirty cents. both A and B are true

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