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Gross margin percentage is calculated by. a. (Net cost of sales divided by net sales)*100 b. (gross margin divided by inventory turnover)*100 c. (gross margin

Gross margin percentage is calculated by. a. (Net cost of sales divided by net sales)*100 b. (gross margin divided by inventory turnover)*100 c. (gross margin divided by net sakes)*200 d. none of the above e. (gross margin minus non-operating expenses) divided by gross sales)

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