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Calculate the gross profit margin on a sales transaction

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Question 1: Calculate the gross profit margin on a sales transaction. The sales transaction was "sold 30 different types of products on account to Pace Corporation. The total sales price was 10,000, terms 5/10, n90. The total cost of these 30 units to CPI was 6,100 (net of the purchase discount)"

Reference no: EM132488202

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