Information for Computing Gross Margin Description Amount Explanation Sales 100,000 Cost of goods sold 38,000 21,000 fixed

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Information for Computing Gross Margin Description Amount Explanation Sales 100,000 Cost of goods sold 38,000 21,000 fixed + 17,000 variable Operating expenses 30,000 18,000 fixed + 12,000 variable Compute gross margin using the information and select your answer from the options provided.