Question: If net sales increase by 4 % , from $ 1 , 5 0 0 , 0 0 0 to $ 1 , 5 6

If net sales increase by 4%, from $1,500,000 to $1,560,000, and the cost of goods
sold increases 4%, from $1,240,000 to $1,289,600, the gross profit from sales will
increase by 4%.
True
False
If net sales increase by 4%, from $1,500,000 to $1,560,000, and

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