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Yr. 1 Yr. 2 Revenue 700 COGS 300 Gross Profit 400 In Year 2, Sales increased 5%, 1% due to price. In year 1, COGS

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Yr. 1 Yr. 2 Revenue 700 COGS 300 Gross Profit 400 In Year 2, Sales increased 5%, 1% due to price. In year 1, COGS was 60% variable. What is gross profit in year 2

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