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Sales are $1 million, COGS is 30% of sales, fixed costs are $200,000 which include depreciation expense of $30,000, and interest expense is $20,000. What
Sales are $1 million, COGS is 30% of sales, fixed costs are $200,000 which include depreciation expense of $30,000, and interest expense is $20,000. What is the gross profit margin? (explain)
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