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Gimme Gimme Inc. reports sales of $532,000 in the accounting period with variable cost making up 70% of all costs. Fixed costs consist of rent
Gimme Gimme Inc. reports sales of $532,000 in the accounting period with variable cost making up 70% of all costs. Fixed costs consist of rent costs of $12,800, management salaries of $37,400, and selling & administration expenses of $23,600. What operating margin percentage would Gimme Gimme report?
Answer as a percentage (no symbol), rounded to 2 decimals places.
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