What is the gross profit margin

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Reference no: EM131320997

(Gross Profit)- Swank had sales of $383,000 and costs of goods sold of $260,000.

A. What is the gross profit margin (ratio of gross profit to sales)?

B. If the average firm in the clothing industry had a gross profit of 25 percent, how is the firm doing?

Reference no: EM131320997

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