Question: Please provide the accurate answer to this general accounting problem using appropriate methods. Below are the account balances for Delta Company: Gross sales = $120,000

Please provide the accurate answer to this general accounting problem using appropriate methods.

Below are the account balances for Delta Company: Gross sales = $120,000 Sales returns and allowances = $6,000 - Selling expenses = $10,000 - Cost of goods sold = $52,000 - Administrative expenses = $5,000 What is the gross profit margin

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