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consumer products company reported a 30 percent increase in sales from last year to this year. Sales last year were $300,000. This ear, the company

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consumer products company reported a 30 percent increase in sales from last year to this year. Sales last year were $300,000. This ear, the company reported Cost of Goods Sold in the amount of $230100. What was the gross profit percentage this year? Gross Profit Percen Sales Numerator $ 69.900 S 300,000 | 23.3% Denominator Cost of Goods Sold

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