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Nike, Inc. sold merchandise inventory for $1,200,000, with a cost of goods sold of $800,000. Calculate the gross profit margin percentage for this sale. If

ยท Nike, Inc. sold merchandise inventory for $1,200,000, with a cost of goods sold of $800,000. Calculate the gross profit margin percentage for this sale. If Nike, Inc.'s total sales revenue for the year was $10,000,000 and its cost of goods sold was $6,000,000, calculate the net income margin percentage for the year.

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