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What the gross profit margin

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Reference no: EM133048724

Question - The following is an extract from the financial statements of Varume Limited for the year ended 31 October 2020:

2020 R

Revenue 1,200,000

Cost of sales 800,000

Inventories 400,000

Trade receivables 600,000

Required - What the gross profit margin for 2020?

A. 33.3%

B. 50%

C. 69.7%

D. 40%

Reference no: EM133048724

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