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

question 109

Multiple Choice

Table 18-2
Given the following data:
 Net sales $100,000 Cost of goods sold 50,000 Gross margin $50,000\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 15%,and gross margin increased 10%,then cost of goods sold must have:


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