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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 46

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 10%,and cost of goods sold decreased 20%,gross margin would:


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

Correct Answer:

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