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A Venture Has Net Sales of $400,000, Cost of Goods

Question 66

Multiple Choice

A venture has net sales of $400,000, cost of goods sold of $200,000, operating expenses (selling, general, and administrative) of $100,000, and interest expenses of $50,000. What is the operating profit margin?


A) 50%
B) 75%
C) 25%
D) 40%

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