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What is the markup percentage on cost of goods sold

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Reference no: EM132427705

Question - The following is Cullumber Company's income statement for the past year.

Sales revenue $730,000

Cost of goods sold 438,000

Gross margin 292,000

Operating expenses 120,000

Operating income $172,000

What is the markup percentage on cost of goods sold?

Reference no: EM132427705

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