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Gross Profit Percentage Using the data below, compute lan's gross profit percentage for the month of January Net Sales $12,000 Cost of goods sold 3,000

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Gross Profit Percentage Using the data below, compute lan's gross profit percentage for the month of January Net Sales $12,000 Cost of goods sold 3,000 Operating expenses 7,000 Other income Income tax expense 1,000 500 Round answer to the nearest whole percentage

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