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Nikkel Corporation, a merchandising company, reported the following results for July: Sales $452,000 Cost of goods sold (all variable) $176,500 Total variable selling expense $26,400

Nikkel Corporation, a merchandising company, reported the following results for July:

Sales $452,000

Cost of goods sold (all variable) $176,500

Total variable selling expense $26,400

Total fixed selling expense $21,400

Total variable administrative expense $12,900

Total fixed administrative expense $30,700

The gross margin for July is:

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