Swank Clothiers had sales of $363,000 and cost of goods sold of $343,000. ...

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Accounting

Swank Clothiers had sales of $363,000 and cost of goods sold of $343,000.
a. What is the gross profit margin (ratio of gross profit to sales)?
Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.
\table[[Gross profit margin,%
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