A) What would cause increase/decrease for Gross Profit? B) What would cause increase/decrease for Gross Profit...
Homework Answers
Gross Profit=Gross Profit Rate*Sales
Gross Profit Rate=1-Cost/Sales
1.
Gross Profit would increase with increase in revenue i.e., quantity
and price and increase in gross profit rate i.e., increase in price
or decrease in cost
2.
Gross profit rate increases with increase in price or decrease in
cost
Add Answer to:
A)
What would cause increase/decrease for Gross Profit?
B) What would cause increase/decrease for Gross Profit...
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