Given the Following Data: If Net Sales Decreases by 10%,and

question 53

Multiple Choice

Given the following data: 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%

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Definitions:

Vaporizes

To convert or change a substance from a solid or liquid state into a gas or vapor, often by applying heat.

Cryosurgery

A medical procedure that uses extreme cold to destroy abnormal or diseased tissue.

Approximated

A term referring to the estimation or bringing together of edges, particularly in wound healing.

Electrocauterization

A surgical technique that uses electricity to heat a metal wire or instrument, which is then used to burn or destroy tissue, stem bleeding, or cut through tissue.