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Mark sells goods at a gross profit margin of 30%. Based on this statement, which of the following statements is true? a) Goods sold for

Mark sells goods at a gross profit margin of 30%. Based on this statement, which of the following statements is true?

a) Goods sold for 800 will have cost Mark 240.

b) Goods sold for 800 will have cost Mark 560.

c) Goods sold for 800 will have cost Mark 320.

d) Goods sold for 800 will have cost Mark 392.

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