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Sales for a firm are $600,000, cost of goods sold are $400,000, and interest expenses are $25,000. What is the gross profit margin? Question 27

Sales for a firm are $600,000, cost of goods sold are $400,000, and interest expenses are $25,000. What is the gross profit margin?

Question 27 options:

A)

20.0%

B)

16.0%

C)

25.0%

D)

66.67%

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