Question: From last year to this year Berry Barn reported that
From last year to this year, Berry Barn reported that its Net Sales increased from $ 300,000 to $ 400,000 and its Gross Profit increased from $ 90,000 to $ 130,000. Was the Gross Profit increase caused by (a) an increase in sales volume only, (b) an increase in gross profit per sale only, or (c) a combination of both? Explain your answer.
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