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What was the gross profit margin of the firm

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Reference no: EM13875006

Johnson Healthcare is a health-care firm specializing in products for the disabled. Johnson plans to maintain a 10 percent gross profit margin. After analyzing last year's data, you found that Johnson had gross profit of $250,000 and net sales of $1,500,000. What was the gross profit margin, and by what percentage did the firm achieve its goal?

Reference no: EM13875006

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