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Financial information is presented below: Operating Expenses $ 94000 Sales Returns and Allowances 18000 Sales Discounts 12000 Sales Revenue 280000 Cost of Goods Sold 174000

Financial information is presented below:

Operating Expenses $ 94000
Sales Returns and Allowances 18000
Sales Discounts 12000
Sales Revenue 280000
Cost of Goods Sold 174000

The gross profit rate would be

30.4%.

24.8%.

35.1%.

21.0%.

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