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Given the following information for Franklin Jewelers, by how much did the gross profit percentage go up or down from 2024 to 2025? Net Sales

Given the following information for Franklin Jewelers, by how much did the gross profit percentage go up or down from 2024 to 2025? Net Sales Cost of Goods Sold 2024 $32,000 $19,200 2025 $23,000 $11,500 A. down by 40% OB. Up by 40% Ac. down by 50% OD. up by 50%

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