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Operating expenses $ 21000 Sales returns and allowances 9000 Sales discounts 5000 Sales revenue 148000 Cost of goods sold 109000 The gross profit rate would

Operating expenses	$ 21000
Sales returns and allowances	9000
Sales discounts	5000
Sales revenue	148000
Cost of goods sold	109000

The gross profit rate would be

0.25.

0.80.

0.19.

0.17.

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