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Please help me Question 11 A company has net sales of $80,000, cost of goods sold of $60,000, and operating expenses of $25,000. Based on

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Question 11

A company has net sales of $80,000, cost of goods sold of $60,000, and operating expenses of $25,000. Based on this information, the company's gross profit margin is:

  1. 80%.
  2. 42%.
  3. 75%.
  4. 25%.

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