Question
A retail company's gross profit margin was 30% for the year 2018 and 38% for the year 2019. Which of the following could explain the
A retail company's gross profit margin was 30% for the year 2018 and 38% for the year 2019. Which of the following could explain the change?
(1) The company sold their goods to customers at a higher price in 2019 than in 2018.
(2) The company sold their goods to customers at a lower price in 2019 than in 2018.
(3) The company bought the goods for resale from their suppliers at a higher price in 2019 than in 2018.
(4) The company bought the goods for resale from their suppliers at a lower price in 2019 than in 2018.
(1) and (2)
(2) and (4)
(2) and (3)
(1) and (4)
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