A company shows the following balances: Cost of goods sold$900,000Sales2,000,000Sales discounts25,000Sales returns and allowances225,000 What is the
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Question

A company shows the following balances:


Cost of goods

sold$900,000Sales2,000,000Sales discounts25,000Sales returns and allowances225,000

What is the gross profit margin?





49.3%


48.6%


55.0%


42.5%

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