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Exam 10 A company shows the following balances Sales Revenue $ 800,000 Sates Returns and Allowances 75,000 Sales Discounts 25,000 Cost of Goods Sold 420,000

Exam 10

A company shows the following balances Sales Revenue $ 800,000 Sates Returns and Allowances 75,000 Sales Discounts 25,000 Cost of Goods Sold 420,000 What is the gross profit rate? 53% 44% 60% 40%

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