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Financial information is presented below: Operating expenses $ 42000 Sales revenue 241000 Cost of goods sold...

Financial information is presented below: Operating expenses $ 42000 Sales revenue 241000 Cost of goods sold 175000 The gross profit rate would be

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Answer #1
Sales Revenue 241000
Less: Cost of goods sold 175000
Gross profit 66000
Gross profit 66000
Divide by Sales Revenue 241000
Gross profit rate 0.274 or 0.27
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