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In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of goods sold was $450,000. The gross profit % (rate)

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In the Augie Company, sales were $750,000, sales returns and allowances were $30,000, and cost of goods sold was $450,000. The gross profit % (rate) was a) 37.5% Ob) 41.7% c) 36% d) 40%

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