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The e-commerce giant Amazon.com reported the following expenses last quarter: Cost of sales: $60 billion Research and development expenses: $8 billion Marketing and advertising expenses:

The e-commerce giant Amazon.com reported the following expenses last quarter:

  • Cost of sales: $60 billion
  • Research and development expenses: $8 billion
  • Marketing and advertising expenses: $6 billion
  • Administrative expenses: $4 billion Calculate the total variable costs and determine the net profit margin for the quarter.

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