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What is the gross profit margin

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Question - If swank clothier had sales of 368,000 and cost of goods sold of 323,000. What is the gross profit margin (ratio of gross profit to sales)? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) .

If the average firm in the clothing industry had a gross profit of 39 percent, how is the firm doing?

Reference no: EM133026464

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