The Fitz Companys sales increased by 6%. At the same time its cost of sales increased by
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The Fitz Company’s sales increased by 6%. At the same time its cost of sales increased by 7%. Gross profit therefore increased (decreased) by: mk52 a 3%
b 1%
c Not determinable from information given
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Related Book For 
Cost Accounting Concepts And Applications For Managerial Decision Making
ISBN: 9780070103108
2nd Edition
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
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