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Exercise 3-25 (Part Level Submission) The following is Blossom Companys income statement for the past year. Sales revenue $540,000 Cost of goods sold 324,000 Gross

Exercise 3-25 (Part Level Submission) The following is Blossom Companys income statement for the past year. Sales revenue $540,000 Cost of goods sold 324,000 Gross margin 216,000 Operating expenses 100,000 Operating income $116,000

What is the gross margin percentage?

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