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Net income is $30,000, operating expenses are $50,000, and net sales are $100,000. Calculate the gross margin rate (a.k.a. gross profit percentage). Enter your answer

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Net income is $30,000, operating expenses are $50,000, and net sales are $100,000. Calculate the gross margin rate (a.k.a. gross profit percentage). Enter your answer as a percentage, but do NOT include any decimal places (round to the nearest whole number). Also, do NOT include the percentage sign (\%). (Example: If your calculator displays 0.45678 , type your answer as 46)

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