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Financial information is presented below: Operating expenses $ 31000 Sales returns and allowances 9000 Sales discounts 5000 Sales revenue 162000 Cost of goods sold 108000

Financial information is presented below:

Operating expenses

$ 31000

Sales returns and allowances

9000

Sales discounts

5000

Sales revenue

162000

Cost of goods sold

108000

The gross profit rate would be

0.33.

0.25.

0.27.

0.72.

Answer:

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