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What is the gross profit margin on this television

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Reference no: EM132023768

Question - Stota Co. is a retailer of high-definition televisions. Typically, the company purchases a television for $1,000 and sells it for $1,250. What is the gross profit margin on this television?

a. 80%

b. $250

c. 25%

d. 20%

Reference no: EM132023768

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