Auditing MCQ: If sales increase by 10% from year 1 to 2 and cost of goods sold increase only 6% the gross profit on sales will increase by:

If sales increase by 10% from year 1 to 2 and cost of goods sold increase only 6% the gross profit on sales will increase by:

Correct Answer: 0.04

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Auditing MCQ: If sales increase by 10% from year 1 to 2 and cost of goods sold increase only 6% the gross profit on sales will increase by: | Extra Education