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If a company has net sales of $700,000 and cost of goods sold of $490,000, the gross profit percentage (rate) is Select one: a. 30%

If a company has net sales of $700,000 and cost of goods sold of $490,000, the gross profit percentage (rate) is Select one: a. 30% b. 15% c. None of the above d. 100% e. 70%

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