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Two Wheeler Dealer had sales totaling $198,464 last year. The cost of the goods sold was $177,228. Expenses totaled $60,905. What was the net profit

Two Wheeler Dealer had sales totaling $198,464 last year. The cost of the goods sold was $177,228. Expenses totaled $60,905. What was the net profit margin for the year?

Group of answer choices

4.65%

19.99%

10.70%

9.29%

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