The following data is from the income statement of Randall Company: Sales $4,000 Cost of goods sold (2,750) Other expenses (750) Net income $500 The company's gross margin percentage is (Round your answers to three decimal places.): 12.500%. 31.250%. 68.750%. none of the above.

The following data is from the income statement of Randall Company:

 

Sales	$4,000
Cost of goods sold	(2,750)
Other expenses	(750)
Net income	$500

 

The company's gross margin percentage is (Round your answers to three decimal places.):

12.500%.

31.250%.

68.750%.

none of the above.

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