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Question 7 of 24 VIEW TUTTIES Current Attempt in Progress A company shows the following balances: Sales Revenue $2946000 Sales Returns and Allowances 416000 Sales

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Question 7 of 24 VIEW TUTTIES Current Attempt in Progress A company shows the following balances: Sales Revenue $2946000 Sales Returns and Allowances 416000 Sales Discounts 30000 Cost of Goods Sold 1450000 What is the gross profit rate? 58% 42% O 54% 49% Save for Later Last saved 45 seconds ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. I OpenStax_Psyc....pptx A A Journal 7.pdf

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