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In 2002 Clanton, Inc. had a gross profit of $27,000 on sales of $110000. Clanton's operating expense for 2002 were $13,000 and its net profit margin...

In 2002 Clanton, Inc. had a gross profit of $27,000 on sales of $110000. Clanton's operating expense for 2002 were $13,000 and its net profit margin was .0585. Clanton had no interest expense in 2002. What was Clanton's gross profit margin for 2002?

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