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Multiple Choice Question 197 A company shows the following balances: Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold $860000 86000 45000

Multiple Choice Question 197 A company shows the following balances: Sales Revenue Sales Returns and Allowances Sales Discounts Cost of Goods Sold $860000 86000 45000 520000 What is the gross profit rate? 60% 71% 40% 29%

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