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Using the following transactions, what is the company's gross margin percentage. Round to two decimals, if necessary. 1) Revenue $9,000 2) Returns allowances and discounts
Using the following transactions, what is the company's gross margin percentage. Round to two decimals, if necessary. 1) Revenue $9,000 2) Returns allowances and discounts $500 3) Cost of goods sold $5,000 4) Operating expenses incurred and paid during the year were $3,000. 55.6% 66.7% 44.4%. 41.18%
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