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Financial information is presented below: Operating expenses $ 23000 Sales returns and allowances 9000 Sales discounts 3000 Sales revenue 152000 Cost of goods sold 88000

Financial information is presented below:

Operating expenses	$ 23000
Sales returns and allowances	9000
Sales discounts	3000
Sales revenue	152000
Cost of goods sold	88000

The gross profit rate would be

0.44.

0.34.

0.37.

0.64.

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