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Local Co . has sales of $ 1 0 . 0 million and cost of sales of $ 6 . 0 million. Its selling, general

Local Co. has sales of $ 10.0 million and cost of sales of $ 6.0 million. Its selling, general and administrative expenses are$ 500 comma 000 and its research and development is $ 1.0 million. It has annual depreciation charges of $ 1.0 million and a tax rate of 35%.Local's gross margin is 40.00%, its operating margin is 15.00%, and its net profit margin is 9.75%. If Local Co. had an increase in selling expenses of $ 300 comma 000, how would that affect each of its margins?
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Part 1
Local's new gross margin is
enter your response here%, new operating margin is
enter your response here%, and new net profit margin is
enter your response here%.
(Round to two decimal places.)

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