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Company XYZ made sales of $170,000 during 2019. The fixed expenses were $90,000 and the variable expenses were $50,000. The cost of goods sold was

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Company XYZ made sales of $170,000 during 2019. The fixed expenses were $90,000 and the variable expenses were $50,000. The cost of goods sold was $35,000. Calculate the gross margin for XYZ. Select one: a. $30,000 b. None of the answers given c. $125,000 d. $80,000 e. $135,000 f. $120,000

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