Question 7 (1 point) ABC Manufacturing has net sales of $280,000, cost of goods sold of $110,000, and operating expenses of $70,000. The gross profit margin rounded to the nearest percentage is Enter the answer as a whole number, do not include the percentage sign. Your Answer: Answer Question 8 (1 point) A company shows the following balances: $988,000 Sales Sales Returns and 299,000 Allowances Cost of 548,000 goods sold Operating Expenses 96,000 What is the gross profit? Enter your answer as a whole number without dollar signs or commas. Your Answer: Answer Question 9 (1 point) A company shows the following balances: $917,000 Sales Sales Returns and 261,000 Allowances Cost of 528,000 goods sold Operating Expenses 91,000 What is the gross profit margin? Enter your answer as a whole number without any percentage sign. Your Answer: Answer Question 10 (1 point) ABC Manufacturing has net sales of $160,000, cost of goods sold of $50,000, and operating expenses of $40,000. The profit margin rounded to the nearest percentage is Enter the answer as a whole number, do not include the percentage sign. Your