Question: For the year ended December 3 1 , 2 0 XX , The Adele Company has sales and cost of goods sold of $ 1

For the year ended December 31,20XX, The Adele Company has sales and cost of goods sold of $1,000,000 and $700,000, respectively, and total operating expenses of $200,000. Given this information, Adele's gross margin percentage for the year ended December 31,20XX is
10%
100%
80%
30%
For the year ended December 3 1 , 2 0 XX , The

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