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Financial information is presented below: Operating expenses 28000 7000 Sales returns and allowances Sales discounts Sales revenue Cost of goods sold 3000 172000 103000 The

Financial information is presented below: Operating expenses 28000 7000 Sales returns and allowances Sales discounts Sales revenue Cost of goods sold 3000 172000 103000 The gross profit rate would be 0.41. 0.64. 0.34. 0.36

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