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Thomas Industries reported the following: Net sales $480 comma 000480,000 Cost of goods sold $ 370 comma 000$370,000 Operating expenses $ 55 comma 000$55,000 Tax
Thomas Industries reported the following:
Net sales | $480 comma 000480,000 | Cost of goods sold | $ 370 comma 000$370,000 | |
Operating expenses | $ 55 comma 000$55,000 | Tax rate | 5050% |
The gross profit percentage is: (Round your final answer to the nearest percentage.)
A.
23%.
B.
39%.
C.
15%.
D.
77%.
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