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A company reported sales of $100,000; cost of goods sold of $60,000; selling, gener

A company reported sales of $100,000; cost of goods sold of $60,000; selling, gener

A company reported sales of $100,000; cost of goods sold of $60,000; selling, general, and administrative expenses of $15,000; and income tax expense of $10,000.
Compute the companys profit margin.

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