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The Royal Ribbon Company had the following records: Gross Sales =$180,000 Customer returns and allowances =8% Cost of Merchandise =46% Operating Expenses =$84,500 What is

The Royal Ribbon Company had the following records:

Gross Sales =$180,000

Customer returns and allowances =8%

Cost of Merchandise =46%

Operating Expenses =$84,500

What is the net profit or loss percentage?

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