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Gross margin (%) is the revenue-cost of goods sold (COGS)/revenue. When a textbooks revenue is $100, and the COGS is $45, what is the gross

Gross margin (%) is the revenue-cost of goods sold (COGS)/revenue. When a textbooks revenue is $100, and the COGS is $45, what is the gross margin of the textbook? An APP called BIZI is launched for students to sell used textbook on campus. If the APP saves 40% of the COGS in selling the same textbook, whats the gross margin of the textbook now?

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