Hamilton Corporation reports the following data: If net sales increases by 15%,and cost of goods sold increases by 20%,gross margin would:
A) increase by 4.6%
B) decrease by 4.6%
C) decrease by 4.4%
D) increase by 4.4%

Name: Hamilton Corporation reports the following data: If net sales increases by 15%,and cost of goods sold increases by 20%,gross margin would: A) increase by 4.6% B) decrease by 4.6% C) decrease by 4.4% D) increase by 4.4%
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Question

Hamilton Corporation reports the following data:  If net sales increases by 15%,and cost of goods sold increases by 20%,gross margin would:
A) increase by 4.6% 
B) decrease by 4.6% 
C) decrease by 4.4% 
D) increase by 4.4%

Quizplus · Accepted Answer

The Answer is A

Hamilton Corporation Reports the Following Data: If Net Sales