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What is Gross Margin and how is it different than Net income. What types of companies need to compute Gross Margin and why is it

What is Gross Margin and how is it different than Net income. What types of companies need to compute Gross Margin and why is it important? What type of transportation costs are deducted to arrive at Gross Margin and what type of transportation costs are deducted from Gross Margin? Why is this distinction important?

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