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Over a two-year period, Orchid Co.s gross profit percentage went from 70.4% to 69.7%. Which of the following could not have been the cause of

Over a two-year period, Orchid Co.s gross profit percentage went from 70.4% to 69.7%. Which of the following could not have been the cause of this change?

Multiple Choice

Rising product cost as a percentage of sales

An increase in selling price

Increased competition from a competitor

Reduced selling prices

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