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Calculate Gross Proﬁt Margin Given the Following Information: Sales =

Question 396

Multiple Choice

Calculate gross proﬁt margin given the following information: sales = $1,200; cost of goods sold = $450; general and administrative costs = $150.

A) 0.385
B) 0.50
C) 0.625
D) 0.75
E) 0.875

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