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Net sales are $900,000. Cost of Goods Sold is $250,000, Salaries Expense is $100,000, and Tax Expense is $200,000. What is gross profit (gross margin)
Net sales are $900,000. Cost of Goods Sold is $250,000, Salaries Expense is $100,000, and Tax Expense is $200,000. What is gross profit (gross margin) please help me understand all the steps :) thank you!
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