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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

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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 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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