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If Hostell Company has net sales of $500,000 and cost of goods sold of $300,000, Hostell's gross profit rate is Select one: O a. 60%

If Hostell Company has net sales of $500,000 and cost of goods sold of $300,000, Hostell's gross profit rate is Select one: O a. 60% O b. 40% Oc. 20% O d. 100%

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