A company shows the following balances: $\begin{array}{lr}
\text { Sales Revenue } & \$ 2,500,000 \
\text { Sales Returns and Allowances } & 400,000 \
\text { Sales Discounts } & 50,000 \
\text { Cost of Goods Sold } & 1,353,000
\end{array}$ What is the gross profit rate?

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The Answer of A company shows the following balances: $\begin{array}{lr}
\text { Sales Revenue } & \$ 2,500,000 \
\text { Sales Returns and Allowances } & 400,000 \
\text { Sales Discounts } & 50,000 \
\text { Cost of Goods Sold } & 1,353,000
\end{array}$ What is the gross profit rate?

A Company Shows the Following Balances What Is the Gross Profit Rate? A) 34% B) 46

A Company Shows the Following Balances What Is the Gross Profit Rate?
A) 34%
B) 46