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Gross profit in 2008 for the Lily Company totaled $1,000,000. If cost of goods sold was 60% of sales, sales must have been A: $

Gross profit in 2008 for the Lily Company totaled $1,000,000. If cost of goods sold was 60% of sales, sales must have been

A: $ 400,000 B: $ 600,000 C: $ 1,666,667 D: $ 2,500,000

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