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Hamilton Corporation reports the following data:

Net sales   $ 370,000
Cost of goods sold   250,000
Gross margin   $ 120,000

If net sales increases by 15%, and cost of goods sold increases by 20%, gross margin would:
A) increase by 4.6%
B) decrease by 4.6%
C) decrease by 4.4%
D) increase by 4.4%
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Exploring Microsoft Office 2013, Volume 2, Canadian Edition

Exploring Microsoft Office 2013, Volume 2, Canadian Edition


Edition: 1st
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