Mathematics, 09.09.2020 05:01, MacenParisi

Jim had a very good quarter at his car lot with net sales reaching just over $456,000. This created a net income of $195,000. If Jim's operating expenses last quarter were $23,000, what was his gross profit margin? a. 5.0% b. 37.7% c. 42.8% d. 47.8%

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Jim had a very good quarter at his car lot with net sales reaching just over $456,000. This created...