Table 18-2
Given the Following Data $\begin{array}{lr}\text { Net sales } & \$ 100,000 \\\text { Cost of goods sold } & 50,000 \\\text { Gross margin } & \$ 50,000 \\\end{array}$

question 122

Multiple Choice

Table 18-2
Given the following data:
$\begin{array}{lr}\text { Net sales } & \$ 100,000 \\\text { Cost of goods sold } & 50,000 \\\text { Gross margin } & \$ 50,000 \\\end{array}$
-Refer to Table 18-2.If net sales increased 10%,and cost of goods sold decreased 20%,gross margin would:

• A) increase 20%
• B) decrease 40%
• C) increase 40%
• D) not change

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Definitions:

Books

Written or printed works consisting of pages bound together, containing text or illustrations for reading.

Symbolize

To represent something abstract or intangible by using symbols, signs, or objects.

Atomic Singular Statement

An atomic singular statement is a minimal, unbreakable statement that asserts something about a specific individual or entity.

Quantifier

A word or phrase, often a prefix in logical propositions, that expresses the quantity of subjects to which the proposition applies.