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The fishing company reported sales of $150,000, variable costs of $50,000, and fixed costs of $20,000. What is operating leverage? Assume the same facts as

The fishing company reported sales of $150,000, variable costs of $50,000, and fixed costs of $20,000. What is operating leverage?

Assume the same facts as question 24. If sales increase 30%, then profits will increase by how much?

Group of answer choices

37.5%

42.5%

32.5%

30.5%

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