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Howard Specialty Corporation sells padlocks. It reported an increase in net sales from $5.0 billion in 2017 to $5.3 billion in 2018, and an increase

Howard Specialty Corporation sells padlocks. It reported an increase in net sales from $5.0 billion in 2017 to $5.3 billion in 2018, and an increase in gross profit from $1.5 billion in 2017 to $1.7 billion in 2018.

Calculate each years gross profit percentage. (Round your answers to 1 decimal place.)

The change in gross profit represents:

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