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If the gross profit of a business is lower than it was in the previous year, which one of the following must have happened?

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If the gross profit of a business is lower than it was in the previous year, which one of the following must have happened? OA The cost of sales for the year was higher than for the previous year. OB. The sales for the year were lower than the previous year. OC. The average mark-up was lower than e previous year. OD. At least one of the options presented must have happened.

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