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Solve the system of equations using substitution.
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Gross Profit Rate
The ratio of gross profit to net sales, used to assess a company's financial health by indicating the efficiency of its production process.
Gross Profit
The financial difference between sales and the cost of goods sold, indicating the efficiency of a company in managing its production and inventory.
Estimated Cost
An approximation of the monetary value required to complete a task, make a product, or provide a service.
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