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The company PRIZY sells 100K units of baby toys at a price of $10, and makes a profit margin of 3% of sales. Assuming a

The company PRIZY sells 100K units of baby toys at a price of $10, and makes a profit margin of 3% of sales. Assuming a 1% price increase does not affect sales volume and costs remain constant, what will be the impact of a 1% price increase on PRIZYS profits?

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