How do you think the gross margin is going to evolve and why?

- 10%

- above 10%

- below 10%

Considering the income statement here below, if the volume increases by 10% with no change in price, no change in unit variable cost, no change in total fixed costs, how is the gross margin likely to vary in percentage? FIXOR'S INCOME STATEMENT N-4 Sales |- cost of goods sold Gross margin -Selling, General and Adm. Expenses Operating profit (EBIT) |- Interest + Financial revenues Earnings Before Tax (EBT) Extraordinary items - Tax Net Earnings 700.0 -560.0 140.0 -70.0 70.0 -10.0 0.6 60.6 0.2 -20.3 40.5