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please use graph and show work 2018 800 500 2020 Revenue 899 COGS Gross Profit 300 **Assume that in 2018 $300 of COGS was Variable
please use graph and show work
2018 800 500 2020 Revenue 899 COGS Gross Profit 300 **Assume that in 2018 $300 of COGS was Variable and $200 was fixed. Assuming revenue growth was driven by 5% volume and 2% price in 2019, what is the gross profit in 2019? Assuming revenue growth in 2020 was driven by 4% volume growth and 1% price increase, what would be gross profit in 2020? Show your work. 2019 856 Step by Step Solution
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