Question: Can you help me solve this general accounting problem using the correct accounting process? A company has sales of $412,000 and a cost of goods

Can you help me solve this general accounting problem using the correct accounting process?

A company has sales of $412,000 and a cost of goods sold of $196,000. What is the gross profit margin? A) 48.06% B) 52.42% C) 59.71% D) 46.30% E) 50.63%

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