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Financial information is presented below: Operating expenses $ 42000 Sales returns and allowances 10000 Sales discounts 3000 Sales revenue 140000 Cost of goods sold 90000

Financial information is presented below:

Operating expenses	$ 42000
Sales returns and allowances	10000
Sales discounts	3000
Sales revenue	140000
Cost of goods sold	90000

The gross profit rate would be

0.36.

0.29.

0.30.

0.71.

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