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Candy Company had sales of $240,000 and cost of goods sold of $103,200. What is the gross profit margin (ratio of gross profit to sales)?
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Candy Company had sales of $240,000 and cost of goods sold of $103,200. What is the gross profit margin (ratio of gross profit to sales)?

User NMGod
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Answer:

gross profit= sales- cost of goods

User TriTap
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