A sportswear retaller reported net sales of $$300,000$ in year $1.$ Its cost of sales was $$180,000$ for the same year. For years $2$ and $3,$ the

retaller plans to increase net sales by $10$ percent In year $2$ and $15$ percent in year $3.$ It also plans to negotlate a better contract with the

sportswear manufacturer so that the cost of sportswear that is purchased and sold would increase by a maximum of $8$ percent in year

$2$ and by $12$ percent in year $3.($Do not round intermedlate calculations. Round percentage answer to $1$ decimal place $(1.$e$.,0\mathrm{.}124$

should be entered as $12\mathrm{.}4).)$

Required:

Compute the gross profit for year $1.$

Answer is complete and correct.

Compute the percentage changes in gross profit for years $2$ and $3.$

Answer is complete but not entirely correct.