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In 2020, MensShoppe, a specialty men's wear boutique had net sales of $960,000. Billed cost of merchandise purchases amounted to $420,000, inward freight charge is

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In 2020, MensShoppe, a specialty men's wear boutique had net sales of $960,000. Billed cost of merchandise purchases amounted to $420,000, inward freight charge is $30,000, with no workroom cost, and cash discount of $17,000. Calculate the gross margin in percent for MensShoppe for 2020

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