Question: Please provide the correct answer to this general accounting problem using valid calculations. Assume Oakmont Furniture reported Net Sales Revenue of $175,000 and Cost of

Please provide the correct answer to this general accounting problem using valid calculations.

Assume Oakmont Furniture reported Net Sales Revenue of $175,000 and Cost of Goods Sold totalled $122,500. What was Oakmont Furniture's gross profit percentage for this period? Round your answer to the nearest whole percent

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