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Sales for company X were $3,000,000. The Cost of Goods Sold was $1,200,000. The Gross Margin is: A. 60% B. 40% C. $1,800,000 D. $1,200,000

Sales for company X were $3,000,000. The Cost of Goods Sold was $1,200,000. The Gross Margin is:

A.

60%

B.

40%

C.

$1,800,000

D.

$1,200,000

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