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Question 5: In 2017, Claudia's Gems had net sales of $220,000, a cost of goods sold of $69,000, customer returns of $21,000, and vendor discounts
Question 5: In 2017, Claudia's Gems had net sales of $220,000, a cost of goods sold of $69,000, customer returns of $21,000, and vendor discounts of $9,000. Calculate the store's gross margin.
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