Given the Following Data: If Net Sales Decreases by 10

question 45

Multiple Choice

Given the following data: If net sales decreases by 10%, and cost of goods sold increases by 15%, gross profit would:

• A)increase by 25%.
• B)decrease by 80%.
• C)decrease by 25%.
• D)increase by 80%.

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Definitions:

Product

An item or service created through a process and offered to the market to satisfy a need or want.

Stanley Milgram

An American social psychologist best known for his controversial experiments on obedience to authority conducted in the 1960s.

Obedience

The act of following orders or directions from an authority figure, often without questioning them.

Experimenter

An experimenter is a researcher who conducts experiments, which are structured investigations designed to test hypotheses and understand causal relationships in scientific studies.