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How much is the gross profit margin

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Reference no: EM132841574

Question - Given below are account balances for Charlie Company:

Gross sales, $104,000

Sales returns and allowances, $7,000

Selling expenses, $12,000

Cost of goods sold, $46,000

Interest expense, $3,000

Required - How much is the gross profit margin?

Reference no: EM132841574

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