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If a company has sales revenue of $644000, net sales of $500000, and cost of goods sold of $380000, the gross profit rate is 24.0%.

If a company has sales revenue of $644000, net sales of $500000, and cost of goods sold of $380000, the gross profit rate is 24.0%. 41.0%. 59.0%. 76.0%image text in transcribed

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