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Each of the following gross profit percentages is expressed in terms of sales. 1. 28% 2. 35% 3. 46.67% 4. 70.00%. Indicate the gross profit

Each of the following gross profit percentages is expressed in terms of sales. 1. 28% 2. 35% 3. 46.67% 4. 70.00%. Indicate the gross profit percentage in terms of cost for each of the above. (Round answers to 2 decimal places, e.g. 78.73\%.)

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