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Gregs Groceries opened in 2 0 2 1 and carried high - priced, hard - to - find specialty groceries with low turnover but high

Gregs Groceries opened in 2021 and carried high-priced, hard-to-find specialty groceries with low turnover but high markup. In 2022, Gregs decided to begin carrying more low- to moderate-priced items with higher turnover but lower markup. In 2023, Gregs completely eliminated the high-priced specialty groceries. If net sales and all expenses except for cost of goods sold were equal in all three years, how did Gregs profit margins change from 2021 to 2023?Select answer from the options belowGregs profit margins gradually increased from 2021 to 2023.Gregs profit margins were highest in 2022 but were about the same in 2021 and 2023.Gregs profit margins were lowest in 2022 but were about the same in 2021 and 2023.Gregs profit margins gradually decreased from 2021 to 2023.

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