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Wedge Corporation had beginning inventory of $ 34,000 and ending inventory of $35,000. Its net sales were $153,000 and net purchases were $75,000. Cost of

Wedge Corporation had beginning inventory of $ 34,000 and ending inventory of $35,000. Its net sales were $153,000 and net purchases were $75,000. Cost of goods sold for the period was $74,000.What is Wedge's gross profit percentage (rounded to the nearest whole percentage)?

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