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Pederson Company reported the following: Manufacturing costs $2,500,000 Units manufactured 50,000 Units sold 44,000 units sold for $75 per unit Beginning inventory 0 units What

Pederson Company reported the following:

Manufacturing costs	$2,500,000
Units manufactured	50,000
Units sold	44,000	units sold for $75 per unit
Beginning inventory	0	units

What is the amount of gross profit margin?

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