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Sales is $420,000, Sales discount is $40,000, cost of goods sold is $250,000. What is the gross profit margin? a. 34.21% b. 30.95% c. 35.40%

Sales is $420,000, Sales discount is $40,000, cost of goods sold is $250,000. What is the gross profit margin? a. 34.21% b. 30.95% c. 35.40% d. 40.47%

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