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Thomas Industries reported the following: Net sales Operating expenses $480,000 Cost of goods sold $55,000 Tax rate $340,000 40% The gross profit percentage is: (Round
Thomas Industries reported the following: Net sales Operating expenses $480,000 Cost of goods sold $55,000 Tax rate $340,000 40% The gross profit percentage is: (Round your final answer to the nearest percentage.) O A. 16%. O B. 71%. O c. 28%. OD. 29%
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