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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
Given the following data:

Net sales   $100,000
Cost of goods sold   60,000
Gross margin   $ 40,000

If net sales decreases by 10%, and cost of goods sold increases by 15%, gross margin would:
A) increase by 40%
B) decrease by 40%
C) increase by 47.5%
D) decrease by 47.5%
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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ACC 925
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msayed2004msayed2004
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#1
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6 years ago
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This site is awesome
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Helped a lot
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