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Question 1 (a) Luxottica Group, the Italian company that sells Ray Ban and Oakley sunglasses, reported net sales of euro 8.3 billion in 2012 and

Question 1 (a)

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Luxottica Group, the Italian company that sells Ray Ban and Oakley sunglasses, reported net sales of euro 8.3 billion in 2012 and euro 7.5 billion in 2011. Gross profit increased from euro 3.6 billion in 2011 to euro 4.3 billion in 2012. a. Calculate the gross profit percentage for each year (Round your answers to 1 decimal place.)

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