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Gilbert, Inc. generated sales revenues of $1,800,000 in 2017. Its cost of goods sold amounted to $990,000. Calculate Gilbert's gross profit percentage. a. 55% b.

Gilbert, Inc. generated sales revenues of $1,800,000 in 2017. Its cost of goods sold amounted to $990,000. Calculate Gilbert's gross profit percentage.

a. 55%

b. 182%

c. 222%

d. 45%

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