Sales for a firm are $500,000, cost of goods sold are $400,000, and interest expenses are...

 

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Sales for a firm are $500,000, cost of goods sold are $400,000, and interest expenses are $20,000. What is the gross profit margin? Sales for a firm are $500,000, cost of goods sold are $400,000, and interest expenses are $20,000. What is the gross profit margin?

Answer rating: 100% (QA)

To calculate the gross profit margin you need to subtract the cost of goods sol... View the full answer