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Which change occurred if the cost of goods sold moved from 76.8% to 72 6%? 1. Gross profit percentage increased by %4.2 2. Net profit

Which change occurred if the cost of goods sold moved from 76.8% to 72 6%?

1. Gross profit percentage increased by %4.2

2. Net profit percentage decreased by %4.2

3. Gross profit percentage decreased by %5.2

4. Net profit percentage increase by %4.2

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