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Exercise 3-25 (Part Level Submission) The following is Cullumber Company's income statement for the past year. Sales revenue$730,000Cost of goods sold438,000Gross margin292,000Operating expenses120,000Operating income$172,000 What

Exercise 3-25 (Part Level Submission)

The following is Cullumber Company's income statement for the past year.

Sales revenue$730,000Cost of goods sold438,000Gross margin292,000Operating expenses120,000Operating income$172,000

What is the markup percentage on total cost?(Round answer to 0 decimal places, e.g. 45%.)

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