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From Mathematics for Retail Buying Chapter 1 Merchandising for a profit 39) Note the following figures: Net profit 2.5% Gross margin $7,000 Operating expenses $6,600

From Mathematics for Retail Buying

Chapter 1

Merchandising for a profit

39) Note the following figures:

Net profit

2.5%

Gross margin

$7,000

Operating expenses

$6,600

Find:

The cost of goods in dollars.

The percentage of operating expenses.

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