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A candy retailer reported net sales of $$166\mathrm{.}000$ in year $1.$ Its cost of sales was $$106,000$ for the same year. The retailer plans to increase net sales by $8$ percent annually. It also plans to negotiate a better contract with the candy manufacturer so that the cost of candy purchased and sold would increase by a maximum of $5$ percent each year. Compute the gross profit for year $1$ and the percentage changes in gross profit for years $2$ and $3.($Do not round intermediate calculations. Round percentage answer to $1$ decimal place, i$.$e$.,0\mathrm{.}124$ should be entered as $12\mathrm{.}4.)$

Percentage changes

Year $2$

Year $3$

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$<$ Prev

$201818$

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