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A sportswear retailer reported net sales of $ 3 1 2 , 0 0 0 in year 1 . Its cost of sales was $
A sportswear retailer reported net sales of $ in year Its cost of sales was $ for the same year. For years and the retailer plans to increase net sales by percent in year and percent in year It also plans to negotiate a better contract with the sportswear manufacturer so that the cost of sportswear that is purchased and sold would increase by a maximum of percent in year and by percent in year Do not round intermediate calculations. Round percentage answer to decimal place, ie should be entered as Required: Compute the gross profit for year Compute the percentage changes in gross profit for years and
A sportswear retailer reported net sales of $ in year Its cost of sales was $ for the same year. For years and the retailer plans to increase net sales by percent in year and percent in year It also plans to negotiate a better contract with the sportswear manufacturer so that the cost of sportswear that is purchased and sold would increase by a maximum of percent in year and by percent in year Do not round intermediate calculations. Round percentage answer to decimal place, ie should be entered as
Required:
Compute the gross profit for year
Compute the percentage changes in gross profit for years and
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