Question 51 2 Points The following balances were extracted from the records of XYZ Ltd: Sales Gross profit Gross profit percentage 2019 2020 000 000 3000 4000 600 720 20% 18% Which of the following is the most likely reason for the fall in the gross profit percentage despite the increase in sales in 2020? A Offering higher discounts to customers to secure extra sales B A decrease in the costs of purchasing raw materials for the business An increase in wages and salaries D An increase in selling prices